Pivot Reversal Strategy - TimeFramedThis is Pivot Reversal Strategy including the time frames for backtesting.
Recherche dans les scripts pour "backtesting"
Updated TurtlesThis script has been updated to prevent double orders (short/long) from occurring and modifying backtests results.
This is an update to the script that was written a few years ago to prevent double longs/shorts from occurring and skewin backtesting results. Check out the updated indicator here and let me know what you think.
I also added:
- date range inputs if you want to do some backtesting on a particular set of dates.
- the ability to toggle shorting
3 Duck's Trading System from Babypips.comThe 3 Duck's Trading System from Babypips.com
The 3 Duck's Trading System is the most popular and active trading system thread on the the babypips.com forum. It is a system that is mainly for beginners because it teaches you discipline, learning to cope with price moving against your position and learning to stay in a trade and keep profits running. For the thread and more info on the 3 Duck's Trading System click here
How does it work?
The system is a very simple enter/exit based on the 60 SMA of 3 different time frames: 4 hour, 1 hour and 5 minute.
The Rules, er, the Ducks! The Ducks must all be in a row for a trade to take place!
Duck 1 - To go long, price must be above the 60 SMA on the 4 hour chart.
Duck 2 - To go long, price must be above the 60 SMA on the 1 hour chart.
Duck 3 - To go long, price must cross above the 60 SMA on the 5 minute chart and the 60 SMA of the 5 minute chart must be below that of the 4 hour and 1 hour chart. (obviously the reverse for shorting)
YOU MUST USE THIS SYSTEM ONLY ON THE 5 MINUTE CHART.
I say this because I have already charted all of the Ducks into the 5 minute chart so you don't have to flip back and forth.
I have also added some inputs for profit targets, stop targets, trailing stops and times to trade for backtesting.
If you have any questions or comments, please let me know! If you see I messed up on something, please let me know!
Also a VERY special thanks to the babypips.com user Captain_Currency . He wrote this strategy 10 years ago (2007 was 10 years ago?!) and he is still active on the thread and posting results and offering help!
Adam Smith - MovingAvg CrossSimple Moving Average Cross script. Test on stocks and currency. For stocks test shorter time periods, meaning intra-day time periods such as 3min to 30min and so on to fit what is best. For currency, try longer periods with this model such as day to weeks depending on which currency.
NOTE: Take a look at your Max Drawdowns when testing. This will be the main indicator once you figure out your time period for backtesting. This will also let you know how much money to save and/or hold back in savings for down periods.
Adding some essential components to a prebuilt RSI strategyThis is more to be used as a blank_slate for any strategy build adding more effective backtesting with a period selector and inputs like TS, TP, SL that can all be used as plots for alerts.
It has the BackTest Component created by Pbergden
It also includes the standard long/short with trailing stop, take profit, stop loss and margin call.
Here is a video using the blank_slate to add in the built-in RSI Strategy.
youtu.be
We hope this brings good results and helps speed things up for everyone.
Trend v4.0 Another updateYet another update, default settings can be customized to your needs. Be aware that while this is similar to the other versions, this can only repaint an active bar, but that slows it down by one period. You are warned. Be that as it may, the basic idea is the same; trying to capture the really strong moves into overbought or oversold territory as defined by Relative Strength index. In RSI mode, you can see the smoothing has slowed it down a bit, but warrants backtesting.
First green bar go long, First red bar go short, first white bar possible trend exhaustion. Or use crossovers and such, play with the inputs OB/OS, RSI length, signal length, tick length, swing length, as I said customize to your tastes. I offer no surety as to its efficacy, but we all learn.
Trade Responsibly,
Shiroki
CM Stochastic POP Method 2-Jake Bernstein_V1Yesterday Jake Bernstein authorized me to post his updated results with the Stochastic Pop Trading System he developed many years ago.
You can take a look at the Original System with Updated Settings at
This indicator is a different set of rules Jake mentioned in the PDF he allowed me to post.
To view the PDF use this link:
dl.dropboxusercontent.com
Today we’re releasing the version described in the PDF that uses the StochK values of 55, 50, and 45. The rules are discussed in the PDF but here is a simple breakdown:
Enter Long when StochK is below 50 and Crosses Above 55
Exit Long on Cross Below 55
Enter Short when StochK is Above 50 and crosses Below 45
Exit Short on Cross Above 45
Two Important Items to understand about this method:
To code the rules Precisely we need a function that will be available when Strategy Capabilities are released on TradingView.
There is one of Jakes Profit Maximizing Strategies that needs to be integrated with this code…which again we need the Strategy based Function that will be coming soon.
To Compare this system to the Stochastic Pop Method 1 System shown yesterday at I used the same Symbol and dates for you to compare…but remember to give this Method 2 System a Fair Look/Evaluation…we need the Soon To Be Released…TradingView Strategy Capabilities.
BackTesting Results Example: EUR-USD Daily Chart Since 01/01/2005
Strategy 1 – Stochastic Pop Method 2 System:
Go Long When Stochasticis below 50 and Crosses Above 55. Go Short When Stochastic is above 50 and Crosses Below 45. Exit Long/Short When Stochastic has a Reverse Cross of Entry Value.
Results:
Total Trades = 151
Profit = 40,758 Pips
Win% = 37.1%
Profit Factor = 1.26
Avg Trade = 270 Pips Profit
***Most Consecutive Wins = 4 ... Most Consecutive Losses = 7
Strategy 2:
Rules - Proprietary Optimization Jake Will Teach. Only Added 1 Additional Exit Rule.
Results:
Total Trades = 151
Profit = 60.305 Pips
Win% = 37.1%
Profit Factor = 1.38
Avg Trade = 399 Pips Profit
***Most Consecutive Wins = 4 ... Most Consecutive Losses = 7
Indicator Includes:
-Ability to Color Candles (CheckBox In Inputs Tab)
Green = Long Trade
Blue = No Trade
Red = Short Trade
Jake Bernstein will be a contributor on TradingView when Backtesting/Strategies are released. Jake is one of the Top Trading System Developers in the world with 45+ years experience and he is going to teach TradingView.com’s community how to create Trading Systems and how to Optimize the correct way.
Link To PDF:
dl.dropboxusercontent.com
Link to Original Version of Indicator with Updated Settings.
CM Stochastic POP Method 1 - Jake Bernstein_V1A good friend ucsgears recently published a Stochastic Pop Indicator designed by Jake Bernstein with a modified version he found.
I spoke to Jake this morning and asked if he had any updates to his Stochastic POP Trading Method. Attached is a PDF Jake published a while back (Please read for basic rules, which also Includes a New Method). I will release the Additional Method Tomorrow.
Jake asked me to share that he has Updated this Method Recently. Now across all symbols he has found the Stochastic Values of 60 and 30 to be the most profitable. NOTE - This can be Significantly Optimized for certain Symbols/Markets.
Jake Bernstein will be a contributor on TradingView when Backtesting/Strategies are released. Jake is one of the Top Trading System Developers in the world with 45+ years experience and he is going to teach how to create Trading Systems and how to Optimize the correct way.
Below are a few Strategy Results....Soon You Will Be Able To Find Results Like This Yourself on TradingView.com
BackTesting Results Example: EUR-USD Daily Chart Since 01/01/2005
Strategy 1:
Go Long When Stochastic Crosses Above 60. Go Short When Stochastic Crosses Below 30. Exit Long/Short When Stochastic has a Reverse Cross of Entry Value.
Results:
Total Trades = 164
Profit = 50, 126 Pips
Win% = 38.4%
Profit Factor = 1.35
Avg Trade = 306 Pips Profit
***Most Consecutive Wins = 3 ... Most Consecutive Losses = 6
Strategy 2:
Rules - Proprietary Optimization Jake Will Teach. Only Added 1 Additional Exit Rule.
Results:
Total Trades = 164
Profit = 62, 876 Pips!!!
Win% = 38.4%
Profit Factor = 1.44
Avg Trade = 383 Pips Profit
***Most Consecutive Wins = 3 ... Most Consecutive Losses = 6
Strategy 3:
Rules - Proprietary Optimization Jake Will Teach. Only added 1 Additional Exit Rule.
Results:
Winning Percent Increases to 72.6%!!! , Same Amount of Trades.
***Most Consecutive Wins = 21 ...Most Consecutive Losses = 4
Indicator Includes:
-Ability to Color Candles (CheckBox In Inputs Tab)
Green = Long Trade
Blue = No Trade
Red = Short Trade
-Color Coded Stochastic Line based on being Above/Below or In Between Entry Lines.
Link To Jakes PDF with Rules
dl.dropboxusercontent.com
Selected Days Indicator V3-TrDoes the stock drop every Wednesday? Do March months always move similarly? Does the 1st week of the month behave differently?
Do you ever say "it always makes this move in these months"? Don't you want to see more clearly whether it actually makes this move or not? Don't you want to see and test periodically repeating price patterns?
Hisse her Çarşamba düşüyor mu? Mart ayları hep benzer mi hareket ediyor? Ayın 1. haftası farklı mı davranıyor?
Bazen "bu aylarda hep bu hareketi yapıyor" dediğiniz oluyor mu? Gerçekten de bu hareketi yapıp yapmadığını daha net görmek istemez misiniz? Periyodik tekrarlayan fiyat kalıplarını görmek ve test etmek istemiyor musunuz?
1. Problem
Some stocks or crypto assets exhibit systematic behaviors on certain days, weeks, or months. But it's hard to see - everything is mixed together on the chart. This indicator isolates the days/weeks/months you want and shows only them. Hides everything else.
2. How It Works
Three-layer filter: Day (Monday, Tuesday...), Week (1st, 2nd, 3rd week of the month), Month (January, February...). Select what you want, let the rest disappear. Example: Show only Thursdays of March-June-September. Or compare every 1st week of the month. View as candlestick, line, or column chart.
3. What's It Good For?
Test "end-of-month effect". Find "day-of-the-week anomaly". Analyze crypto volatility by days. See seasonality in commodities. Discover patterns specific to your own strategy. Past data doesn't guarantee the future but provides statistical advantage.
[AlscapeLabs] HTF Candle Stack (Multi-Timeframe)
Overview
The HTF Candle Stack (Multi-TF) indicator is a powerful visualization tool designed to overlay high-timeframe (HTF) price action directly onto your current chart, independent of the chart's price scale. This gives traders a clear, aligned, and non-overlapping view of simultaneous price movements across customizable timeframes.
By stacking the candles horizontally next to the chart's price action, the indicator allows for quick identification of multi-timeframe correlation, trend confluence, and key levels without switching chart timeframes.
Key Features
6 Independent Stacks: Configure up to 6 separate timeframes (e.g., 5m, 15m, 1H, 4H, Daily, Weekly) to view the complete market fractals from micro to macro.
Price-Aligned Visualization : All HTF candle stacks are perfectly aligned with the main chart's vertical price axis
Replay Mode Safe : Includes dedicated logic to prevent "duplicate candles" during Bar Replay, ensuring accurate backtesting and historical analysis.
Toggleable Stacks : Each stack can be individually enabled or disabled via input settings
Dynamic Spacing : The distance between active stacks is automatically calculated and adjusted based on the visibility of the preceding stack.
Settings Guide
Stack Configuration (1 - 6)
Each of the six stacks has identical controls:
Show/Hide : Enable or disable this specific stack.
Timeframe : The specific HTF to display (e.g., "60" for 1 Hour, "D" for Daily).
[*} Count : How many candles to show in this stack (Current Active Candle + Past Closed Candles). Tip: Use higher counts (10-12) for lower TFs (Stack 1-2) and lower counts (2-4) for higher TFs (Stack 5-6)
Candle Color
Controls global coloring
Bullish / Bearish : Customize the body colors.
Wick : Separate control for wick color and transparency
Layout
Distance from Chart : How far (in bars) to the right the first stack begins
Space between Stacks : The gap (in bars) between each active stack.
Candle Width : The thickness of the HTF candles.
Labels
Displays a time-frame next to the active (live) candle in each stack
Show TF Labels : Enable or disable labels through all stacks
Text Color : Label text color
Background : Label background color
Style : Label position (Left, Down)
Size : Label text size (Tiny, Small, Normal, Large, Huge)
Developed by AlscapeLabs
50% level of Daily RangeThe 50% or midpoint between the current days highest and lowest points be used to divide the premium and discount of the days range. Price often reacts at this point and it can be used as a target for reversal trades. This indicator plots the level as it moves through out each day so is useful for backtesting as well as determining whether the current price is in premium or discount.
Wyckoff Method - Comprehensive Analysis# WYCKOFF METHOD - QUICK REFERENCE CHEAT SHEET
## 🟢 STRONGEST BUY SIGNALS
### 1. SPRING ⭐⭐⭐⭐⭐
- **What:** False breakdown below support on LOW volume
- **Look for:** Quick reversal, close above support
- **Entry:** When price closes back in range
- **Stop:** Below spring low
- **Target:** Top of range minimum
### 2. SOS (Sign of Strength) ⭐⭐⭐⭐
- **What:** Breakout above resistance on HIGH volume
- **Look for:** Wide spread up bar, strong close
- **Entry:** On breakout or wait for LPS pullback
- **Stop:** Below range top
- **Target:** Height of range projected up
### 3. SHAKEOUT ⭐⭐⭐⭐
- **What:** Sharp move below support with HIGH volume, immediate reversal
- **Look for:** Long lower wick, closes strong
- **Entry:** When price reclaims support
- **Stop:** Below shakeout low
- **Target:** Previous resistance
---
## 🔴 STRONGEST SELL SIGNALS
### 1. UTAD (Upthrust After Distribution) ⭐⭐⭐⭐⭐
- **What:** False breakout above resistance, quick rejection
- **Look for:** Spike high, weak close, often high volume
- **Entry:** When price closes back in range
- **Stop:** Above UTAD high
- **Target:** Bottom of range minimum
### 2. SOW (Sign of Weakness) ⭐⭐⭐⭐
- **What:** Breakdown below support on HIGH volume
- **Look for:** Wide spread down bar, weak close
- **Entry:** On breakdown or wait for LPSY rally
- **Stop:** Above range bottom
- **Target:** Height of range projected down
### 3. UPTHRUST ⭐⭐⭐⭐
- **What:** Move above resistance on LOW volume, weak close
- **Look for:** Long upper wick, closes in lower half
- **Entry:** When resistance holds
- **Stop:** Above upthrust high
- **Target:** Support level
---
## 📊 ACCUMULATION PHASES (Bottom Formation)
```
PHASE A: Stopping the Downtrend
├─ PS (Preliminary Support) - First buying
├─ SC (Selling Climax) - Panic bottom ⚠️ KEY EVENT
├─ AR (Automatic Rally) - Relief bounce
└─ ST (Secondary Test) - Retest SC low
PHASE B: Building the Cause
├─ Trading range forms
├─ Multiple tests of support
├─ Volume decreasing
└─ Absorption occurring
PHASE C: The Test
├─ SPRING - False breakdown ⚠️ KEY EVENT
└─ TEST - Support holds on low volume
PHASE D: Dominance Emerges
├─ SOS - Breakout ⚠️ KEY EVENT
├─ LPS - Last Point of Support (pullback)
└─ BU - Backup
PHASE E: Markup
└─ New uptrend, strong momentum
```
**Background Color:** Blue → Green (getting brighter)
**Action:** Buy in Phase C/D, Hold through Phase E
---
## 📊 DISTRIBUTION PHASES (Top Formation)
```
PHASE A: Stopping the Uptrend
├─ PSY (Preliminary Supply) - First selling
├─ BC (Buying Climax) - Euphoric top ⚠️ KEY EVENT
├─ AR (Automatic Reaction) - Sharp drop
└─ ST (Secondary Test) - Retest BC high
PHASE B: Building the Cause
├─ Trading range forms
├─ Multiple tests of resistance
├─ Demand being absorbed
└─ Volume patterns change
PHASE C: The Test
└─ UTAD - False breakout ⚠️ KEY EVENT
PHASE D: Dominance Emerges
├─ SOW - Breakdown ⚠️ KEY EVENT
└─ LPSY - Last Point of Supply (rally to exit)
PHASE E: Markdown
└─ New downtrend, strong selling
```
**Background Color:** Orange → Red (getting darker)
**Action:** Sell in Phase C/D, Stay out during Phase E
---
## 💰 VOLUME SPREAD ANALYSIS (VSA)
| Signal | Meaning | Color | Implication |
|--------|---------|-------|-------------|
| **ND** (No Demand) | Up bar, LOW volume | 🟠 Orange | Weakness - uptrend ending |
| **NS** (No Supply) | Down bar, LOW volume | 🔵 Blue | Strength - downtrend ending |
| **SV** (Stopping Volume) | VERY HIGH volume, narrow spread | 🟣 Purple | Potential reversal |
| **UT** (Upthrust) | Above resistance, LOW vol, weak close | 🔴 Red | Sell signal |
| **SO** (Shakeout) | Below support, HIGH vol, strong close | 🟢 Green | Buy signal |
---
## 🎯 VOLUME INTERPRETATION
| Volume Level | Bar Color | Meaning |
|--------------|-----------|---------|
| **VERY HIGH** (>2x average) | Dark Green/Red | Climax, potential reversal |
| **HIGH** (>1.5x average) | Light Green/Red | Strong interest |
| **NORMAL** | Gray | Average trading |
| **LOW** (<0.7x average) | Faint Gray | Testing, no interest |
---
## ⚖️ EFFORT vs RESULT
| Scenario | Volume | Spread | Meaning |
|----------|--------|--------|---------|
| **High Effort, Low Result** | HIGH | Narrow | ⚠️ Potential reversal |
| **Low Effort, High Result** | LOW | Wide | ⚠️ Trend weakening |
| **High Effort, High Result** | HIGH | Wide | ✅ Strong trend |
| **Low Effort, Low Result** | LOW | Narrow | 😴 No interest |
---
## 📏 TRADING RULES
### ✅ DO:
- ✅ Wait for confirmation before entering
- ✅ Trade in direction of higher timeframe
- ✅ Use springs and UTAD as primary signals
- ✅ Measure trading range for targets
- ✅ Place stops outside the range
- ✅ Look for volume confirmation
- ✅ Check multiple timeframes
- ✅ Focus on Phase C and D events
### ❌ DON'T:
- ❌ Buy during Phase E Markdown
- ❌ Sell during Phase E Markup
- ❌ Trade against major trend
- ❌ Ignore volume signals
- ❌ Enter without clear stop loss
- ❌ Trade every signal
- ❌ Use on very low timeframes without practice
- ❌ Ignore the context
---
## 🎪 COMPOSITE OPERATOR (Smart Money)
### 💰 Green Money Symbol (Bottom)
- **Meaning:** Institutions accumulating
- **Location:** Demand zones, springs, tests
- **Action:** Follow the smart money - buy
### 💰 Red Money Symbol (Top)
- **Meaning:** Institutions distributing
- **Location:** Supply zones, UTAD, weak rallies
- **Action:** Follow the smart money - sell
---
## 📍 SUPPLY & DEMAND ZONES
### 🟢 Demand Zones (Green Boxes)
- **Created at:** SC, Spring, Shakeout
- **Represents:** Where smart money bought
- **Action:** Look for bounces
### 🔴 Supply Zones (Red Boxes)
- **Created at:** BC, UTAD, Upthrust
- **Represents:** Where smart money sold
- **Action:** Look for rejections
---
## 🎯 TARGET CALCULATION
### Measured Move Method
```
1. Measure trading range height
Example: Top at 120, Bottom at 100 = 20 points
2. Add to breakout point (accumulation)
Breakout at 120 + 20 = Target: 140
3. Or subtract from breakdown (distribution)
Breakdown at 100 - 20 = Target: 80
```
### Multiple Targets
- **Conservative:** 1x range height (100% probability reached)
- **Moderate:** 1.5x range height (70% probability)
- **Aggressive:** 2x range height (40% probability)
---
## ⏰ TIMEFRAME GUIDE
| Timeframe | Use For | Reliability | Recommended For |
|-----------|---------|-------------|-----------------|
| **Weekly** | Major trends | ⭐⭐⭐⭐⭐ | Position traders |
| **Daily** | Swing trades | ⭐⭐⭐⭐⭐ | Most traders |
| **4-Hour** | Active swing | ⭐⭐⭐⭐ | Active traders |
| **1-Hour** | Day trading | ⭐⭐⭐ | Experienced only |
| **15-Min** | Scalping | ⭐⭐ | Experts only |
**Golden Rule:** Always check one timeframe higher for context!
---
## 🚨 ALERT PRIORITY
### 🔔 MUST-HAVE ALERTS
1. Spring
2. UTAD
3. SOS
4. SOW
### 🔔 NICE-TO-HAVE ALERTS
5. Selling Climax (SC)
6. Buying Climax (BC)
7. Smart Money Accumulation
8. Smart Money Distribution
### 🔔 CONFIRMATION ALERTS
9. Phase E Markup
10. Phase E Markdown
---
## 💡 QUICK DECISION TREE
```
Is there a clear trading range?
├─ YES
│ ├─ Did price break BELOW support?
│ │ ├─ Volume LOW + Quick reversal = SPRING → BUY ✅
│ │ └─ Volume HIGH + Stays down = Breakdown → SELL ⚠️
│ │
│ └─ Did price break ABOVE resistance?
│ ├─ Volume LOW + Quick reversal = UTAD → SELL ✅
│ └─ Volume HIGH + Stays up = Breakout → BUY ⚠️
│
└─ NO
├─ Strong uptrend = Wait for re-accumulation
└─ Strong downtrend = Wait for re-distribution
```
---
## 📝 PRE-TRADE CHECKLIST
Before entering any trade:
- Identified the current Wyckoff phase
- Confirmed with volume analysis
- Checked higher timeframe trend
- Located supply/demand zones
- Identified clear entry point
- Set stop loss level
- Calculated target (risk:reward >1:2)
- Verified position size (risk 1-2%)
- Have at least 2 confirming signals
- Not trading against major trend
---
## 🧠 REMEMBER
**The Three Laws:**
1. **Supply & Demand** - Price is determined by imbalance
2. **Cause & Effect** - Range size predicts move size
3. **Effort & Result** - Volume should confirm price movement
**The Key Principle:**
> "Trade with the Composite Operator (smart money), not against them"
**Best Setups:**
1. Spring in accumulation (Phase C)
2. UTAD in distribution (Phase C)
3. SOS breakout (Phase D)
4. SOW breakdown (Phase D)
**When in Doubt:**
- ❓ Stay out
- 📈 Use higher timeframe
- 📚 Review the documentation
- 🎯 Wait for clearer signal
---
## 📱 INDICATOR SETTINGS QUICK SETUP
**For Stocks/Crypto (Good Volume Data):**
- Volume MA Length: 20
- High Volume Multiplier: 1.5
- Climax Volume: 2.0
- Swing Length: 5
**For Forex (Limited Volume Data):**
- Volume MA Length: 20
- High Volume Multiplier: 1.3
- Climax Volume: 1.8
- Swing Length: 7
- Turn OFF "Volume Confirmation"
**For Day Trading:**
- Swing Length: 3
- All other settings: Default
**For Position Trading:**
- Swing Length: 7-10
- Volume MA Length: 30
- Use Daily/Weekly charts
---
## 🎓 SKILL PROGRESSION
### Beginner (Month 1-2)
- Focus on: SC, Spring, SOS
- Timeframe: Daily only
- Goal: Identify phases correctly
### Intermediate (Month 3-6)
- Add: All accumulation events
- Timeframe: Daily + 4H
- Goal: Trade springs profitably
### Advanced (Month 6-12)
- Add: Distribution events, VSA
- Timeframe: Multiple timeframes
- Goal: Trade complete cycles
### Expert (Year 2+)
- Master: All events, all timeframes
- Combine: With other methodologies
- Goal: Consistent profitability
---
**Print this sheet and keep it next to your trading desk!**
*Remember: Quality over quantity. Wait for the best setups.*
# Wyckoff Method - Comprehensive Analysis Indicator
## Complete Implementation Guide for TradingView Pine Script
---
## TABLE OF CONTENTS
1. (#overview)
2. (#installation)
3. (#theory)
4. (#components)
5. (#signals)
6. (#strategies)
7. (#settings)
8. (#alerts)
9. (#patterns)
10. (#troubleshooting)
---
## OVERVIEW
This indicator implements Richard Wyckoff's complete trading methodology, including:
- **All 5 Phases** of Accumulation and Distribution
- **18+ Wyckoff Events** (PS, SC, AR, ST, Spring, SOS, LPS, BC, UTAD, SOW, etc.)
- **Volume Spread Analysis (VSA)** principles
- **Supply & Demand Zone** detection
- **Composite Operator** logic (Smart Money tracking)
- **Effort vs Result** analysis
- **Three Wyckoff Laws**: Supply/Demand, Cause/Effect, Effort/Result
---
## INSTALLATION
### Step 1: Copy the Code
1. Open the `wyckoff_comprehensive.pine` file
2. Select all code (Ctrl+A / Cmd+A)
3. Copy to clipboard (Ctrl+C / Cmd+C)
### Step 2: Add to TradingView
1. Go to TradingView.com
2. Open any chart
3. Click "Pine Editor" at the bottom of the screen
4. Click "New" or "Open"
5. Paste the entire code
6. Click "Save" and give it a name
7. Click "Add to Chart"
### Step 3: Verify Installation
You should see:
- Labels on the chart (PS, SC, Spring, SOS, etc.)
- Background colors indicating phases
- Volume analysis in the lower pane
- A table in the top-right corner showing current phase
---
## WYCKOFF METHOD THEORY
### The Three Fundamental Laws
#### 1. **Law of Supply and Demand**
- Price rises when demand exceeds supply
- Price falls when supply exceeds demand
- The indicator tracks volume vs price movement to identify imbalances
#### 2. **Law of Cause and Effect**
- A period of accumulation (cause) leads to markup (effect)
- A period of distribution (cause) leads to markdown (effect)
- Trading ranges build "cause" for future price movement
#### 3. **Law of Effort vs Result**
- **Effort** = Volume (energy put into the market)
- **Result** = Price movement (spread of the bar)
- High effort with low result = potential reversal
- Low effort with high result = trend weakness
### The Five Phases
#### **ACCUMULATION CYCLE**
**Phase A: Stopping the Downtrend**
- Preliminary Support (PS): First sign of buying
- Selling Climax (SC): Panic selling exhaustion
- Automatic Rally (AR): Bounce from SC
- Secondary Test (ST): Test of SC low on lower volume
**Phase B: Building the Cause**
- Trading range develops
- Supply being absorbed by composite operator
- Multiple tests of support and resistance
- Volume generally decreases
**Phase C: The Test (Spring)**
- False breakdown below support
- Traps late sellers
- Quick reversal on low volume
- Last chance to accumulate before markup
**Phase D: Dominance Emerges**
- Sign of Strength (SOS): Break above resistance
- Last Point of Support (LPS): Pullback opportunity
- Backup (BU): Final consolidation
- Demand clearly exceeds supply
**Phase E: Markup**
- New uptrend established
- Price moves rapidly higher
- Phase E can last months/years
- Original trading range becomes support
#### **DISTRIBUTION CYCLE**
**Phase A: Stopping the Uptrend**
- Preliminary Supply (PSY): First sign of selling
- Buying Climax (BC): Euphoric buying exhaustion
- Automatic Reaction (AR): Sharp selloff from BC
- Secondary Test (ST): Test of BC high on lower volume
**Phase B: Building the Cause**
- Trading range at top
- Demand being absorbed by composite operator
- Multiple tests of support and resistance
**Phase C: The Test (UTAD)**
- Upthrust After Distribution
- False breakout above resistance
- Traps late buyers
- Quick reversal
**Phase D: Dominance Emerges**
- Sign of Weakness (SOW): Break below support
- Last Point of Supply (LPSY): Rally opportunity to exit
- Supply clearly exceeds demand
**Phase E: Markdown**
- New downtrend established
- Price moves rapidly lower
- Original trading range becomes resistance
---
## INDICATOR COMPONENTS
### 1. EVENT LABELS
#### Accumulation Events (Green labels)
- **PS** = Preliminary Support
- **SC** = Selling Climax (largest label, most important)
- **AR** = Automatic Rally
- **ST** = Secondary Test
- **SPRING** = Spring (critical buy signal)
- **TEST** = Test of support
- **SOS** = Sign of Strength (breakout)
- **LPS** = Last Point of Support
- **BU** = Backup
#### Distribution Events (Red labels)
- **PSY** = Preliminary Supply
- **BC** = Buying Climax (largest label, most important)
- **AR** = Automatic Reaction
- **ST** = Secondary Test
- **UTAD** = Upthrust After Distribution (critical sell signal)
- **SOW** = Sign of Weakness
- **LPSY** = Last Point of Supply
#### VSA Events (Small colored labels)
- **ND** (Orange) = No Demand - weakness
- **NS** (Blue) = No Supply - strength
- **SV** (Purple) = Stopping Volume
- **UT** (Red) = Upthrust - weakness
- **SO** (Green) = Shakeout - strength
#### Composite Operator (💰 symbols)
- Green 💰 at bottom = Smart Money Accumulation
- Red 💰 at top = Smart Money Distribution
### 2. BACKGROUND COLORS
- **Light Blue** = Phase A (Accumulation)
- **Light Orange** = Phase A (Distribution)
- **Very Light Green** = Phase C (Accumulation Testing)
- **Very Light Red** = Phase C (Distribution Testing)
- **Light Green** = Phase D (Accumulation Strength)
- **Light Red** = Phase D (Distribution Weakness)
- **Green** = Phase E (Markup - Bull trend)
- **Red** = Phase E (Markdown - Bear trend)
### 3. SUPPLY & DEMAND ZONES
- **Green boxes** = Demand zones (where smart money accumulated)
- **Red boxes** = Supply zones (where smart money distributed)
- Zones extend 20 bars into the future
- Price reactions at these zones are significant
### 4. VOLUME PANEL
- **Dark Green/Red bars** = Very High Volume (climax)
- **Light Green/Red bars** = High Volume
- **Gray bars** = Normal Volume
- **Faint Gray bars** = Low Volume
- **Blue line** = Volume Moving Average
### 5. INFORMATION TABLE (Top Right)
Displays real-time analysis:
- **Current Phase** (A, B, C, D, or E)
- **Status** (description of what's happening)
- **Volume** (Very High, High, Normal, Low)
- **Spread** (Wide, Normal, Narrow)
- **Effort/Result** (Poor, Normal, Good)
- **Range** (YES if in trading range)
- **Bias** (BULLISH, BEARISH, or NEUTRAL)
---
## HOW TO READ THE SIGNALS
### STRONG BUY SIGNALS (in order of strength)
1. **SPRING** (strongest)
- False breakdown below support
- Look for: Low volume, quick reversal, close above support
- Entry: When price closes back above support level
- Stop: Below the spring low
2. **SOS (Sign of Strength)**
- Break above trading range resistance
- Look for: High volume, wide spread up bar
- Entry: On breakout or pullback to LPS
- Stop: Below trading range
3. **Shakeout (SO)**
- Similar to spring but more violent
- Look for: High volume, penetration of support, strong close
- Entry: When price reclaims support
- Stop: Below shakeout low
4. **LPS (Last Point of Support)**
- Pullback after SOS
- Look for: Low volume, shallow pullback
- Entry: When support holds
- Stop: Below LPS
5. **No Supply (NS)**
- Down bar on very low volume
- Indicates lack of selling pressure
- Confirms accumulation phase
### STRONG SELL SIGNALS (in order of strength)
1. **UTAD (Upthrust After Distribution)** (strongest)
- False breakout above resistance
- Look for: High volume spike, rejection, close below resistance
- Entry: When price closes back below resistance
- Stop: Above UTAD high
2. **SOW (Sign of Weakness)**
- Break below trading range support
- Look for: High volume, wide spread down bar
- Entry: On breakdown or rally to LPSY
- Stop: Above trading range
3. **Upthrust (UT)**
- Move above resistance on low volume, weak close
- Look for: Low volume, close in lower half of bar
- Entry: When resistance becomes resistance again
- Stop: Above upthrust high
4. **LPSY (Last Point of Supply)**
- Rally after SOW
- Look for: Low volume, weak rally
- Entry: When rally fails
- Stop: Above LPSY
5. **No Demand (ND)**
- Up bar on very low volume
- Indicates lack of buying pressure
- Confirms distribution phase
### NEUTRAL/WARNING SIGNALS
- **High Effort, Low Result** = Potential reversal coming
- **Stopping Volume** = Trend may be ending
- **Absorption** = Large volume with small movement (accumulation/distribution)
---
## TRADING STRATEGY EXAMPLES
### Strategy 1: Accumulation Range Breakout
**Setup:**
1. Identify trading range (blue background in Phase B)
2. Wait for Spring or Test (Phase C)
3. Wait for SOS breakout (Phase D)
**Entry:**
- Option A: Buy on SOS breakout
- Option B: Wait for LPS pullback (better risk/reward)
**Stop Loss:**
- Below the spring low or trading range bottom
**Target:**
- Measure height of trading range (cause)
- Project upward from breakout point (effect)
- Minimum target = range height
**Example:**
```
Trading Range: 100 to 120 (20 point range)
SOS Breakout at: 120
Target: 120 + 20 = 140 minimum
```
### Strategy 2: Distribution Range Breakdown
**Setup:**
1. Identify trading range after uptrend
2. Wait for UTAD (Phase C)
3. Wait for SOW breakdown (Phase D)
**Entry:**
- Option A: Sell on SOW breakdown
- Option B: Wait for LPSY rally (better risk/reward)
**Stop Loss:**
- Above the UTAD high or trading range top
**Target:**
- Measure height of trading range
- Project downward from breakdown point
- Minimum target = range height
### Strategy 3: Spring Trading
**Setup:**
1. Strong downtrend followed by range
2. Price breaks below range bottom
3. Volume is LOW on breakdown
4. Price quickly reverses and closes above support
**Entry:**
- When candle closes above support level
- Or on retest of support
**Stop Loss:**
- Below spring low (usually tight)
**Target:**
- Top of trading range
- Previous swing high
**Risk/Reward:**
- Typically 1:3 or better
### Strategy 4: Smart Money Tracking
**Setup:**
1. Look for 💰 symbols in demand zones
2. Multiple accumulation signals (PS, SC, ST, Test)
3. Volume decreasing during range
**Entry:**
- At next demand zone test
- On SOS breakout
**Confirmation:**
- Background turning green (Phase D/E)
- Table shows "BULLISH" bias
### Strategy 5: VSA Reversal
**Setup:**
1. Strong trend in place
2. Stopping Volume (SV) appears at extreme
3. Followed by No Demand (ND) or No Supply (NS)
**Entry:**
- When trend breaks down/up
- On retest of extreme
**Example (Bullish):**
```
Downtrend → Stopping Volume → No Supply → Up bar
Entry: Buy when price moves above SV bar
```
---
## SETTINGS & CUSTOMIZATION
### Volume Analysis Settings
**Volume MA Length** (default: 20)
- Shorter = More sensitive to volume changes
- Longer = Smoother, less noise
- Recommended: 15-25 for most timeframes
**High Volume Multiplier** (default: 1.5)
- Threshold for "high volume"
- Lower = More signals
- Higher = Only extreme volume
- Recommended: 1.3-2.0
**Climax Volume Multiplier** (default: 2.0)
- Threshold for climax events (SC, BC)
- Should be significantly higher than normal
- Recommended: 2.0-3.0
### Phase Detection Settings
**Swing Detection Length** (default: 5)
- How many bars to look left/right for swing points
- Shorter = More swings detected (more noise)
- Longer = Fewer swings (cleaner, might miss some)
- Recommended: 3-7
**Range Expansion Threshold** (default: 1.5)
- Multiplier for "wide spread" bars
- Higher = Only very wide bars qualify
- Recommended: 1.3-2.0
**Volume Confirmation** (default: ON)
- Requires volume confirmation for events
- Turn OFF for very low volume instruments
- Keep ON for stocks, forex, crypto
### Display Options
Toggle on/off:
- ✅ **Show Accumulation/Distribution Phases** - Background colors
- ✅ **Show Wyckoff Events** - All labeled events
- ✅ **Show Volume Spread Analysis** - VSA labels
- ✅ **Show Supply/Demand Zones** - Boxes on chart
- ✅ **Show Composite Operator Signals** - 💰 symbols
### Color Customization
- **Bullish Color** - All accumulation events
- **Bearish Color** - All distribution events
- **Neutral Color** - Range/neutral signals
---
## ALERT SETUP
### Available Alerts
1. **Selling Climax (SC)** - Potential bottom forming
2. **Spring** - Strong buy signal
3. **Sign of Strength (SOS)** - Bullish breakout
4. **Buying Climax (BC)** - Potential top forming
5. **UTAD** - Strong sell signal
6. **Sign of Weakness (SOW)** - Bearish breakdown
7. **Phase E Markup** - Uptrend confirmed
8. **Phase E Markdown** - Downtrend confirmed
9. **Smart Money Accumulation** - Institutions buying
10. **Smart Money Distribution** - Institutions selling
### How to Set Up Alerts
1. Click the "⏰" icon on TradingView
2. Select "Create Alert"
3. Condition: Choose the indicator and alert type
4. Example: "Wyckoff Method - Spring"
5. Set notification preferences (popup, email, webhook)
6. Click "Create"
### Recommended Alert Strategy
**Conservative Trader:**
- Spring
- SOS
- UTAD
- SOW
**Aggressive Trader:**
- Add: SC, BC, Smart Money signals
**Long-term Investor:**
- Phase E Markup
- Phase E Markdown
- Smart Money Accumulation
---
## COMMON PATTERNS
### Pattern 1: Classic Accumulation
```
Phase A: Downtrend → PS → SC → AR → ST
Phase B: Range building (4-12 weeks typical)
Phase C: Spring (false breakdown)
Phase D: SOS → LPS → BU
Phase E: Markup (new uptrend)
```
**What to do:**
- Mark the range boundaries
- Wait for spring
- Buy on LPS or SOS
- Hold through markup
### Pattern 2: Classic Distribution
```
Phase A: Uptrend → PSY → BC → AR → ST
Phase B: Range building (topping process)
Phase C: UTAD (false breakout)
Phase D: SOW → LPSY
Phase E: Markdown (new downtrend)
```
**What to do:**
- Mark the range boundaries
- Wait for UTAD
- Sell on LPSY or SOW
- Stay out during markdown
### Pattern 3: Re-Accumulation
```
Uptrend → Trading Range → Spring → Uptrend continues
```
- Occurs during existing uptrend
- Shorter accumulation period
- Often no clear SC (trend is already up)
- Spring is the key signal
### Pattern 4: Re-Distribution
```
Downtrend → Trading Range → UTAD → Downtrend continues
```
- Occurs during existing downtrend
- Shorter distribution period
- Often no clear BC (trend is already down)
- UTAD is the key signal
### Pattern 5: Failed Breakout
**Bullish Failed Breakout:**
```
Range → Breakdown → Immediate reversal (Spring)
```
- Price breaks support
- Volume is LOW
- Immediate strong reversal
- Very bullish
**Bearish Failed Breakout:**
```
Range → Breakout → Immediate reversal (UTAD)
```
- Price breaks resistance
- Volume may be high initially
- Quick rejection and reversal
- Very bearish
---
## TIMEFRAME RECOMMENDATIONS
### Daily Charts (Most Reliable)
- Best for swing trading
- Clear phases and events
- Less noise
- Recommended for beginners
### 4-Hour Charts
- Good for active swing traders
- Faster signals than daily
- Still reliable
### 1-Hour Charts
- For day traders
- More false signals
- Need to filter carefully
- Use in conjunction with higher timeframe
### 15-Minute / 5-Minute
- Only for experienced traders
- High noise level
- Many false signals
- Use daily chart for context
**Golden Rule:** Always check higher timeframe first!
---
## MULTI-TIMEFRAME ANALYSIS
### Top-Down Approach (Recommended)
1. **Weekly Chart** - Identify major trend and phase
2. **Daily Chart** - Find current accumulation/distribution
3. **4H Chart** - Identify entry timing
4. **Entry Timeframe** - Execute trade
### Example Analysis:
**Weekly:** Phase E Markup (bullish)
**Daily:** Phase B Re-accumulation
**4-Hour:** Spring detected
**Action:** Buy on daily LPS
---
## WYCKOFF + OTHER INDICATORS
### Complementary Tools
1. **Moving Averages**
- 20/50 SMA for trend context
- Already plotted on indicator
2. **RSI**
- Divergences at SC/BC
- Confirms overbought/oversold
3. **MACD**
- Confirms trend change in Phase D
- Divergences support Wyckoff events
4. **Volume Profile**
- Identifies value areas
- Confirms supply/demand zones
5. **Order Flow / Footprint Charts**
- See institutional activity
- Confirms smart money signals
**Don't Over-Complicate:**
- Wyckoff is a complete system
- Other indicators are supplementary
- When in doubt, trust Wyckoff
---
## TROUBLESHOOTING
### Issue: Too Many Labels
**Solution:**
- Increase swing length (Settings → 7 or 10)
- Increase volume multipliers
- Turn off VSA labels if not needed
- Focus on major events only (SC, Spring, SOS, BC, UTAD, SOW)
### Issue: Missing Expected Events
**Solution:**
- Decrease swing length (Settings → 3)
- Decrease volume multipliers
- Turn OFF volume confirmation
- Check timeframe (use daily chart)
### Issue: False Signals
**Solution:**
- Use higher timeframe
- Wait for confirmation
- Don't trade against major trend
- Look for multiple signal convergence
### Issue: Can't See Background Colors
**Solution:**
- Check "Show Phases" is enabled
- Increase monitor brightness
- Colors are subtle by design (not to obscure price)
### Issue: Volume Shows Incorrectly
**Solution:**
- Ensure volume data is available for your symbol
- Some symbols have poor volume data
- Forex spot pairs have no real volume
- Use futures or stock markets for best results
### Issue: No Trading Range Detected
**Solution:**
- Market may be trending strongly
- Trading range might be too small
- Wait for price to consolidate
- Not all markets have clear ranges
---
## ADVANCED TIPS
### 1. Count Point & Figure Charts
- Wyckoff used P&F to measure "cause"
- Width of range × height = minimum move target
- Longer accumulation = larger markup
### 2. Watch for Absorption
- High volume + narrow spread = someone absorbing
- In downtrend = accumulation
- In uptrend = distribution
### 3. Multiple Timeframe Springs
- Spring on daily + spring on weekly = very strong
- Increases probability significantly
### 4. Failed Signals Are Signals Too
- Failed spring = weakness, expect lower
- Failed UTAD = strength, expect higher
### 5. Context is King
- Don't buy during Phase E Markdown
- Don't sell during Phase E Markup
- Respect the major trend
### 6. Volume Precedes Price
- Study volume changes first
- Price follows volume
- Decreasing volume in range = building energy
### 7. Composite Operator Mindset
- Think like institutions
- Where would smart money buy/sell?
- They need liquidity (retail traders)
---
## RISK MANAGEMENT
### Position Sizing
**Conservative:**
- Risk 1% per trade
- Wider stops at range boundaries
**Moderate:**
- Risk 1-2% per trade
- Stops below spring/above UTAD
**Aggressive:**
- Risk 2-3% per trade
- Tight stops
- Higher win rate needed
### Stop Loss Placement
**Accumulation:**
- Below spring low
- Below trading range bottom
- Below demand zone
**Distribution:**
- Above UTAD high
- Above trading range top
- Above supply zone
### Take Profit Strategy
**Method 1: Measured Move**
- Range height = minimum target
- 2x range height = extended target
**Method 2: Fibonacci Extensions**
- 1.0 = range height
- 1.618 = extended target
- 2.618 = maximum target
**Method 3: Trail the Stop**
- Move stop to breakeven at 1R
- Trail under swing lows in markup
- Lock in profits progressively
---
## BACKTESTING CHECKLIST
Before trading with real money:
- Backtest on 50+ historical examples
- Record all signals in trading journal
- Calculate win rate (aim for >50%)
- Calculate average R:R (aim for >1:2)
- Test on multiple instruments
- Test on multiple timeframes
- Test in different market conditions
- Verify signal consistency
- Practice on demo account
- Start small with real money
---
## RECOMMENDED READING
### Books
1. **"Studies in Tape Reading"** - Richard D. Wyckoff
2. **"The Richard D. Wyckoff Method"** - Rubén Villahermosa
3. **"Charting the Stock Market: The Wyckoff Method"** - Jack Hutson
4. **"Master the Markets"** - Tom Williams (VSA)
### Courses
1. Wyckoff Analytics - Official Wyckoff course
2. TradeVSA - Volume Spread Analysis
3. StockCharts - Wyckoff education
### Communities
1. Wyckoff Analytics Forum
2. Reddit r/Wyckoff
3. TradingView Wyckoff ideas section
---
## FREQUENTLY ASKED QUESTIONS
**Q: Can I use this on crypto?**
A: Yes, works well on major cryptocurrencies with good volume.
**Q: Does it work on forex?**
A: Yes, but use futures volume (like 6E for EUR/USD) for better accuracy.
**Q: What's the best timeframe?**
A: Daily chart for most traders. 4H for more active trading.
**Q: How long does accumulation last?**
A: Typically 2-12 weeks. Longer accumulation = bigger markup.
**Q: Can I automate this?**
A: You can use the alerts, but manual analysis is recommended.
**Q: What's the win rate?**
A: With proper filtering: 60-70% on major signals (Spring, UTAD, SOS, SOW).
**Q: Should I trade every signal?**
A: No. Focus on Spring, UTAD, SOS, and SOW in trending markets.
**Q: What if I see conflicting signals?**
A: Use higher timeframe for context. When in doubt, stay out.
**Q: How do I know which phase I'm in?**
A: Check the table in top-right corner. Also look at background color.
**Q: Can I use this for options trading?**
A: Yes, excellent for timing option entries (especially around Spring/UTAD).
---
## FINAL THOUGHTS
The Wyckoff Method is:
- **A complete trading system** (not just an indicator)
- **Based on 100+ years** of market wisdom
- **Used by institutions** and professional traders
- **Requires practice** and screen time
- **Highly effective** when applied correctly
**Success Tips:**
1. Start with daily charts
2. Focus on major events (SC, Spring, SOS, BC, UTAD, SOW)
3. Always check higher timeframe context
4. Wait for confirmation before entering
5. Manage risk properly
6. Keep a trading journal
7. Be patient - wait for the best setups
**Remember:**
- Not every range will have all events
- Some phases may be abbreviated
- Context and confluence matter most
- Practice makes perfect
---
## SUPPORT & UPDATES
For questions, improvements, or bug reports:
- Check TradingView script comments
- Join Wyckoff trading communities
- Study historical examples
- Practice on demo accounts
**Good luck and happy trading!**
---
*Disclaimer: This indicator is for educational purposes. Always do your own analysis and risk management. Past performance does not guarantee future results.*
# WYCKOFF VISUAL SETUP EXAMPLES
## ACCUMULATION SCHEMATIC #1 (Classic Bottom)
```
Price Chart View:
│ PHASE E
│ MARKUP
│ ╱
│ ╱
┌─SOS─────┤ ╱
│ │ ╱
┌───────────┤ ┌LPS │╱
│ PHASE B │ │ │
│ (Cause) └──┴──────┤
┌AR──┤ │
┌────┤ │ ┌─Spring │ PHASE D
│ └ST──┤ │ │
│ │ │ │
────SC────────┴─────────┴───────────┴──────────
│
PS
│ PHASE A
│
Downtrend
```
### PHASE A - Stopping the Downtrend
```
PS: │ High volume down bar
▼ First sign of support
■ Not bottom yet
SC: │ VERY HIGH volume
▼ Panic selling exhaustion
█ Long lower wick
█ This is the low
AR: │ Automatic rally
▲ Relief bounce
■ High volume acceptable
ST: │ Secondary test
▼ Low volume (KEY!)
■ Tests SC low
```
### PHASE B - Building the Cause
```
┌─────────┐
│ ~~~ │ Multiple tests
│ ~ ~ │ Volume decreases
│~ ~ │ Range gets tighter
└─────────┘
Duration: 2-12 weeks typical
The longer, the bigger the eventual move
```
### PHASE C - The Test (SPRING)
```
║ False breakdown
─────╨─────
▼ Low volume
█ Breaks below support
■
█ Quick reversal
▲ Closes ABOVE support
CRITICAL: Volume must be LOW
Close must be strong
Happens quickly (1-3 bars)
```
### PHASE D - Strength Emerges
```
SOS: ▲ Sign of Strength
────╥──── Break above resistance
║ High volume
║ Wide spread
LPS: ▼ Last Point Support
■ Pullback on LOW volume
▲ Great entry point
BU: ▲ Backup
■ Final consolidation
▲ Before markup
```
### PHASE E - Markup
```
╱
╱
╱ Strong uptrend
╱ High momentum
╱ Can last months/years
──╱──
```
---
## DISTRIBUTION SCHEMATIC #2 (Classic Top)
```
Price Chart View:
Uptrend
│
PSY
│ PHASE A
────BC────────┬─────────┬───────────┬──────────
│ │ UTAD │
│ PHASE B │ │ PHASE D
┌AR──┤ ┌LPSY │ │
│ │ │ └───────────┤
│ └──┴──────┐ │╲
└ST──┤ │ │ ╲
│ └───────────┤ ╲
└─SOW─────┤ │ ╲
│ │ ╲
│ PHASE C │ ╲
│ │ PHASE E
│ │ MARKDOWN
```
### PHASE A - Stopping the Uptrend
```
PSY: │ High volume up bar
▲ Preliminary supply
■ Selling starting
BC: │ VERY HIGH volume
▲ Buying climax
█ Euphoric top
█ Long upper wick
AR: │ Automatic reaction
▼ Sharp selloff
■ High volume
ST: │ Secondary test
▲ Low volume (KEY!)
■ Tests BC high
```
### PHASE C - The Test (UTAD)
```
▲ False breakout
────╥────
║ Breaks ABOVE resistance
║ Often high volume spike
▼
█ Rejection / weak close
█ Closes BELOW resistance
▼
CRITICAL: Closes weak
Quick rejection
Traps buyers
```
### PHASE D - Weakness Emerges
```
SOW: ▼ Sign of Weakness
────╨──── Break below support
║ High volume
║ Wide spread
LPSY: ▲ Last Point Supply
■ Rally on LOW volume
▼ Last chance to exit
```
---
## VOLUME PATTERNS (Critical to Understanding)
### ACCUMULATION Volume Pattern
```
Volume
│ SC
█
█ ST
■ ■ Spring
■ ■ ■ SOS LPS
──┴────┴────┴──────█───■────►
│ │ │ │ │
│ │ │ │ │
A A C D D
Pattern: HIGH → low → low → HIGH → low
Key: Volume DECREASES during range
INCREASES on breakout
```
### DISTRIBUTION Volume Pattern
```
Volume
│ BC
█
█ ST
■ ■ UTAD
■ ■ ■ SOW LPSY
──┴────┴────┴──────█───■────►
│ │ │ │ │
│ │ │ │ │
A A C D D
Pattern: HIGH → low → varies → HIGH → low
Key: Volume MAY increase on UTAD
Definitely HIGH on breakdown (SOW)
```
---
## REAL TRADE SETUPS
### Setup #1: SPRING BUY
```
Entry Conditions:
1. Clear trading range identified
2. Price breaks BELOW support
3. Volume is LOW (critical!)
4. Price reverses QUICKLY
5. Closes ABOVE support level
Entry: Next bar or on retest
Stop: Below spring low
Target: Top of range (minimum)
Example:
Support: $100
Spring low: $98 (low volume)
Close: $101
Entry: $102
Stop: $97.50
Target: $120 (range top)
Risk/Reward: 1:4
```
### Setup #2: UTAD SELL
```
Entry Conditions:
1. Clear trading range identified (after uptrend)
2. Price breaks ABOVE resistance
3. Often high volume spike
4. Price reverses QUICKLY
5. Closes BELOW resistance level
Entry: Next bar or on retest
Stop: Above UTAD high
Target: Bottom of range (minimum)
Example:
Resistance: $200
UTAD high: $205 (spike)
Close: $198
Entry: $197
Stop: $206
Target: $180 (range bottom)
Risk/Reward: 1:2
```
### Setup #3: SOS BREAKOUT
```
Entry Conditions:
1. Clear accumulation range
2. Spring already occurred (ideal)
3. Price breaks ABOVE resistance
4. HIGH volume on breakout
5. Wide spread up bar
Entry Option A: On breakout ($120)
Entry Option B: Wait for LPS pullback ($115)
Stop: Below range or LPS
Target: Range height projected up
Example:
Range: $100-$120 (20 points)
SOS breakout: $120
Entry A: $120
Stop: $115
Target 1: $140 (100%)
Target 2: $150 (150%)
```
---
## VSA SPECIFIC PATTERNS
### Pattern 1: No Demand (Weakness)
```
▲
■ Up bar
■ Low volume ◄── KEY
▲ Small body
Context: After uptrend
Meaning: Buyers exhausted
Action: Prepare to sell
```
### Pattern 2: No Supply (Strength)
```
▼
■ Down bar
■ Low volume ◄── KEY
▼ Small body
Context: After downtrend
Meaning: Sellers exhausted
Action: Prepare to buy
```
### Pattern 3: Stopping Volume
```
═ Very high volume
█ Narrow spread ◄── KEY
═ Price not moving
Context: At extremes
Meaning: Absorption
Action: Expect reversal
```
---
## COMMON MISTAKES (What NOT to Do)
### ❌ Mistake 1: Buying Prematurely
```
WRONG:
SC
▼
█ ← DON'T BUY HERE
CORRECT:
Spring
─────╨─────
▼
█ ← BUY HERE
▲
```
### ❌ Mistake 2: Ignoring Volume
```
WRONG: "It broke below support, must be spring"
─────╨───── High volume
█
This is a BREAKDOWN, not a spring!
CORRECT Spring:
─────╨───── LOW volume ✓
■ Quick reversal ✓
▲
```
### ❌ Mistake 3: Trading Against Trend
```
WRONG:
Markdown Phase E
╲
╲ ← Trying to buy here
╲
╲
CORRECT:
Wait for new accumulation to complete
```
---
## MULTI-TIMEFRAME EXAMPLE
### Weekly Chart: Phase E Markup (Bullish)
```
╱
╱
╱ Long-term uptrend
╱
───╱─────
```
### Daily Chart: Re-Accumulation Phase C
```
┌─────────┐
│ Spring │ ← We are here
│ ▼ │
─────┴────█────┴─────
▲
```
### 4-Hour Chart: Entry Timing
```
Last 48 hours:
─────╨───── Spring occurred
█
▲ ← Enter now
■
```
**Result:** Triple confirmation across timeframes = High probability trade
---
## PROFIT TARGETS (Visual Guide)
### Method 1: Basic Measured Move
```
Resistance: 120 ┐ ─────────
│
│ 20 points
│
Support: 100 ┘ ─────────
Breakout: 120
Target: 120 + 20 = 140
╱╱╱ 140 (Target)
╱╱╱
╱╱╱
──────◄ 120 (Breakout)
│
Range │ 20
│
──────┘ 100
```
### Method 2: Multiple Targets
```
╱╱╱ 150 (Target 3: 2.5x) - 20% position
╱╱╱
╱╱╱ 140 (Target 2: 2x) - 30% position
╱╱╱
─────◄╱ 130 (Target 1: 1x) - 50% position
│
10 │ 120 (Breakout)
│
─────┘ 110 (Support)
```
### Method 3: Trailing Stop
```
1. Move stop to breakeven at Target 1
2. Trail stop under swing lows
3. Let winners run
╱╱╱
╱ ╱╱ ← Trail stop here
╱╱ ╱
╱ ╱ ← Then here
─────◄──╱
← Start here (breakeven)
```
---
## TIMING ENTRIES (Exact Bar Patterns)
### Perfect Spring Entry
```
Bar 1: ▼ Breaks below (Low vol)
█
Bar 2: ▲ Reverses (Closes strong)
█ ◄─ ENTER HERE
Bar 3: ■ Confirms
▲
DON'T WAIT for Bar 3!
Enter on Bar 2 close
```
### Perfect UTAD Entry
```
Bar 1: ▲ Breaks above (Spike vol OK)
█
Bar 2: ▼ Reverses (Closes weak)
█ ◄─ ENTER HERE
Bar 3: ■ Confirms
▼
SHORT on Bar 2 close
Don't wait for more confirmation
```
---
## COMPOSITE OPERATOR PSYCHOLOGY
### What Smart Money Does (Follow Them)
**Accumulation:**
```
1. Create fear (PS, SC)
2. Shake out weak hands (Spring)
3. Absorb supply quietly (Phase B)
4. Test for remaining supply (Test)
5. Mark it up (SOS → Phase E)
💰 They buy LOW when retail panics
```
**Distribution:**
```
1. Create euphoria (PSY, BC)
2. Trap late buyers (UTAD)
3. Distribute to buyers (Phase B)
4. Test for remaining demand (ST)
5. Mark it down (SOW → Phase E)
💰 They sell HIGH when retail buys
```
### Where to Look for Smart Money
```
💰 Buy signals appear at:
- Demand zones (green boxes)
- Springs and shakeouts
- Tests of support
- After selling climax
💰 Sell signals appear at:
- Supply zones (red boxes)
- UTAD and upthrusts
- Weak rallies (LPSY)
- After buying climax
```
---
## PRACTICE EXERCISES
### Exercise 1: Identify the Phase
Look at any chart and ask:
1. Is there a trading range? (Phase B likely)
2. Did we just stop a trend? (Phase A)
3. Was there a spring/UTAD? (Phase C)
4. Is there a breakout? (Phase D)
5. Is trend running? (Phase E)
### Exercise 2: Volume Analysis
For each bar, note:
- Volume level (High/Normal/Low)
- Spread (Wide/Normal/Narrow)
- Effort vs Result (Matching? Diverging?)
### Exercise 3: Find Historical Springs
Go back 6 months:
- Mark all springs you can find
- Note the setup before each
- Track what happened after
- Calculate win rate
---
## FINAL VISUALIZATION: The Complete Cycle
```
ACCUMULATION → MARKUP → DISTRIBUTION → MARKDOWN → ACCUMULATION...
Distribution Accumulation
(Top) (Bottom)
┌───────────────┐ ┌───────────────┐
│ BC UTAD │ │ Spring SC │
│ │ │ │ │ │ │ │
────┴───┴───┴───────┴─╲ ╱────────┴───┴───┴────
╲ ╱
Markdown ╲ ╱ Markup
(Phase E) ╲ ╱ (Phase E)
╲ ╱
╲ ╱
╲ ╱
╲ ╱
V
The market cycles endlessly
Your job: Identify where you are in the cycle
Trade accordingly
```
---
**Remember:**
- 📊 Study charts daily
- 📝 Journal every setup
- 🎯 Wait for the best signals
- 💰 Follow smart money
- ⏰ Be patient
- 🚀 Let winners run
**The indicator does the heavy lifting - you make the decisions!**
Institutional Execution Engine v3 [Nishith Rajwar]
Institutional Execution Engine v3
Market-Structure-Driven Execution Framework (Indicator + Strategy Hybrid)
The **Institutional Execution Engine v3** is a professional-grade execution framework designed to model **how institutional participants interact with liquidity, volatility regimes, and market structure**.
It is built for **index traders, crypto traders, and systematic intraday participants** who require **non-repainting, forward-validated signals** with strict risk control.
This is **not a mashup of indicators**.
Every module is purpose-built and interacts through a unified execution pipeline.
---
🔍 Core Concepts & Methodology
1️⃣ Market Structure & POI Engine
* Identifies **Points of Interest (POIs)** using swing structure, volatility context, and liquidity positioning
* POIs are **confirmed only after bar close** (strict non-repaint enforcement)
* Adaptive pivot sensitivity based on selected execution preset
2️⃣ Liquidity-Aware Scoring System
Each potential trade is filtered through a **multi-factor execution score**, including:
* Structural alignment
* Volatility normalization (ATR regime)
* Liquidity reaction quality
* Directional efficiency
Trades are only allowed when the **minimum institutional score threshold** is met.
3️⃣ Regime Detection (Forward-Walk Safe)
The engine dynamically classifies market conditions into execution regimes:
* Trending
* Rotational
* Mean-reverting
Regime detection is **forward-walk compatible** and does **not leak future data**.
4️⃣ Risk-First Execution Model
* ATR-normalized stop placement
* R-multiple-based take-profit targeting
* Optional **single-trade-per-session guard**
* Strategy engine includes **open-trade protection** to prevent over-execution
5️⃣ Strategy + Indicator Hybrid
This script can be used in **two ways**:
* **Indicator mode** → discretionary execution with visual POIs, signals, and context
* **Strategy mode** → systematic backtesting with full TradingView Strategy Tester support
Both modes share the **same execution logic** (no divergence).
---
⚙️ Preset-Driven Architecture
Built-in execution presets auto-configure internal parameters without changing core logic:
* **Scalp (Index)**
* **Daytrade (Index)**
* **Crypto Intraday**
* **Institutional Research (FWalk)**
Presets adjust pivot sensitivity, score thresholds, ATR behavior, and risk profile — while preserving execution integrity.
---
## 🚫 Non-Repainting & Data Integrity
* No look-ahead bias
* No future bar references
* No repainting signals
* VWAP and regime logic reset correctly per session
* Safe handling of strategy.opentrades to avoid execution errors
All signals are **bar-close confirmed**.
---
📊 Who This Is For
✔ Index traders (NIFTY / BANKNIFTY / SENSEX)
✔ Crypto intraday traders
✔ Systematic traders validating execution logic
✔ Traders who value **structure + liquidity + risk discipline** over indicators
---
⚠️ Disclaimer
This script is a **research and execution framework**, not financial advice.
Always forward-test and adapt risk parameters to your instrument and timeframe.
---
**Author:** Nishith Rajwar
**Version:** v3
**Execution Philosophy:** Trade where institutions execute — not where indicators react.
Buy-Dip / Sell-Pullback Buy the Dip / Sell the Pullback – Trend-Following Strategy (EOD → Next Day Execution)
Overview
This is a trend-following futures strategy designed to participate in pullbacks within established trends, not to predict reversals.
It works on End-of-Day (EOD) confirmation and executes trades on the next trading session, making it suitable for positional and swing traders.
The strategy combines momentum, trend direction, volatility, and price location to filter for high-quality setups while avoiding overtrading.
🔍 Core Philosophy
Trade only in the direction of the prevailing trend
Buy dips in uptrends
Sell pullbacks in downtrends
Avoid chasing price after extended gaps
Use volatility-adjusted risk management (ATR-based SL & targets)
📊 Indicators Used
RSI (20)
Measures underlying momentum strength
Stochastic Oscillator (55, 34, 21)
Confirms pullback exhaustion within a trend
Supertrend (10, 2)
Defines primary trend direction
Bollinger Bands (20, 2)
Provides structural trend bias
ATR (5)
Used for:
Entry gap filter
Stop-loss
Profit target
Supertrend buffer
✅ Long (Buy) Setup – Evaluated at EOD
A long setup is generated when all of the following conditions are satisfied at the close of the trading day:
RSI(20) is above the bullish threshold (default: 48)
Stochastic %K is above %D (confirming pullback momentum)
Supertrend direction is bullish
Price is near or above Supertrend, allowing a volatility-adjusted buffer (ATR-based)
Price is above the Bollinger Band middle line
This combination ensures:
The market is trending up
Momentum supports continuation
The pullback is controlled, not a breakdown
❌ Short (Sell) Setup – Evaluated at EOD
A short setup is generated when:
RSI(20) is below the bearish threshold (default: 52)
Stochastic %K is below %D
Supertrend direction is bearish
Price is near or below Supertrend, with an ATR buffer
Price is below the Bollinger Band middle line
This filters for pullbacks within sustained downtrends.
⏰ Trade Execution Logic (Next Day Rule)
Once a setup is confirmed at EOD, a trade is attempted on the next trading session
To avoid chasing gaps:
Long trades are allowed only if price does not move more than a defined multiple of the previous day’s True Range
Short trades follow the same logic in reverse
This is implemented via limit orders, ensuring realistic backtesting and execution behavior
🛑 Risk Management
All exits are volatility-adjusted using ATR:
Stop-Loss:
1.1 × ATR(5) from entry price
Target:
2.2 × ATR(5) from entry price
This results in a risk–reward ratio of approximately 1:2
ATR is frozen at entry to avoid forward-looking bias.
🧠 Why This Strategy Works
Avoids low-quality trades during consolidation
Participates only when trend + momentum align
Prevents emotional gap-chasing
Adapts automatically to changing volatility
Suitable for index futures and liquid stocks
📌 Recommended Usage
Timeframe: Daily
Instruments:
Index Futures (e.g. NIFTY, BANKNIFTY)
Highly liquid stocks
Market Type: Trending markets
Not ideal for: Sideways or low-volatility environments
⚙️ Customization Tips
You can control trade frequency and aggressiveness by adjusting:
RSI thresholds
Supertrend buffer (ATR multiple)
Gap filter multiplier
Stochastic edge parameter
Looser settings → more trades
Stricter settings → higher selectivity
⚠️ Disclaimer
This strategy is for educational and research purposes only.
Backtest results do not guarantee future performance.
Always validate with paper trading before deploying real capital.
PMax - Asymmetric MultipliersDescription: This script is an enhanced version of the popular PMax (Profit Maximizer) indicator, originally developed by KivancOzbilgic. It has been converted into a full strategy with advanced customization options for backtesting and trend following.
Key Features & Modifications:
Asymmetric ATR Multipliers: Unlike the standard version, this script allows you to set different ATR multipliers for Upper (Short/Resistance) and Lower (Long/Support) bands.
Default Upper: 1.5 (Tighter trailing for Short positions)
Default Lower: 3.0 (Wider trailing for Long positions to avoid whipsaws)
Expanded MA Types: Added HULL (HMA) and VAR (Variable Index Dynamic Average) options.
VAR is highly recommended for filtering out noise in ranging markets.
HULL is ideal for scalping and faster reactions.
Built-in Risk Management: A fixed 5% Stop Loss mechanism is integrated into the strategy. It protects your capital by closing positions if the price moves 5% against you, even if the trend hasn't reversed yet.
Visibility Fix: Solved the issue where the PMax line would disappear or start at zero in the initial bars.
How to Use:
Use the VAR MA type for trend following in volatile markets.
Adjust the "Stop Loss Percent" input to fit your risk appetite.
The strategy employs an "Always In" logic (Long/Short) but respects the hard Stop Loss.
Credits: Original PMax logic by KivancOzbilgic.
RO H1 Signal CandleMarks specific H1 signal candles based on Bucharest (RO) time.
Designed for clean backtesting and time-based analysis.
Displays a small marker on selected hourly candles only.
Pro trade by Amit// This work is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (CC BY-NC-SA 4.0) creativecommons.org
//@version=5
import HeWhoMustNotBeNamed/utils/1 as ut
import Trendoscope/ohlc/1 as o
import Trendoscope/LineWrapper/1 as wr
import Trendoscope/ZigzagLite/2 as zg
import Trendoscope/abstractchartpatterns/5 as p
import Trendoscope/basechartpatterns/6 as bp
indicator("Installing Wait....", "Automatic Chart Pattern", overlay = true, max_lines_count=500, max_labels_count=500, max_polylines_count = 100)
openSource = input.source(open, '', inline='cs', group='Source', display = display.none)
highSource = input.source(high, '', inline='cs', group='Source', display = display.none)
lowSource = input.source(low, '', inline='cs', group='Source', display = display.none)
closeSource = input.source(close, '', inline='cs', group='Source', display = display.none, tooltip = 'Source on which the zigzag and pattern calculation is done')
useZigzag1 = input.bool(true, '', group = 'Zigzag', inline='z1', display = display.none)
zigzagLength1 = input.int(8, step=5, minval=1, title='', group='Zigzag', inline='z1', display=display.none)
depth1 = input.int(55, "", step=25, maxval=500, group='Zigzag', inline='z1', display=display.none, tooltip = 'Enable and set Length and Dept of Zigzag 1')
useZigzag2 = input.bool(false, '', group = 'Zigzag', inline='z2', display = display.none)
zigzagLength2 = input.int(13, step=5, minval=1, title='', group='Zigzag', inline='z2', display=display.none)
depth2 = input.int(34, "", step=25, maxval=500, group='Zigzag', inline='z2', display=display.none, tooltip = 'Enable and set Length and Dept of Zigzag 2')
useZigzag3 = input.bool(false, '', group = 'Zigzag', inline='z3', display = display.none)
zigzagLength3 = input.int(21, step=5, minval=1, title='', group='Zigzag', inline='z3', display=display.none)
depth3 = input.int(21, "", step=25, maxval=500, group='Zigzag', inline='z3', display=display.none, tooltip = 'Enable and set Length and Dept of Zigzag 3')
useZigzag4 = input.bool(false, '', group = 'Zigzag', inline='z4', display = display.none)
zigzagLength4 = input.int(34, step=5, minval=1, title='', group='Zigzag', inline='z4', display=display.none)
depth4 = input.int(13, "", step=25, maxval=500, group='Zigzag', inline='z4', display=display.none, tooltip = 'Enable and set Length and Dept of Zigzag 4')
numberOfPivots = input.int(5, "Number of Pivots", , 'Number of pivots used for pattern identification.', group='Scanning', display = display.none)
errorThresold = input.float(20.0, 'Error Threshold', 0.0, 100, 5, 'Error Threshold for trend line validation', group='Scanning', display = display.none)
flatThreshold = input.float(20.0, 'Flat Threshold', 0.0, 30, 5, 'Ratio threshold to identify the slope of trend lines', group='Scanning', display = display.none)
lastPivotDirection = input.string('both', 'Last Pivot Direction', , 'Filter pattern based on the last pivot direction. '+
'This option is useful while backtesting individual patterns. When custom is selected, then the individual pattern last pivot direction setting is used',
group='Scanning', display=display.none)
checkBarRatio = input.bool(true, 'Verify Bar Ratio ', 'Along with checking the price, also verify if the bars are proportionately placed.', group='Scanning', inline = 'br', display = display.none)
barRatioLimit = input.float(0.382, '', group='Scanning', display = display.none, inline='br')
avoidOverlap = input.bool(true, 'Avoid Overlap', group='Scanning', inline='a', display = display.none)
repaint = input.bool(false, 'Repaint', 'Avoid Overlap - Will not consider the pattern if it starts before the end of an existing pattern\n\n'+
'Repaint - Uses real time bars to search for patterns. If unselected, then only use confirmed bars.',
group='Scanning', inline='a', display = display.none)
allowChannels = input.bool(true, 'Channels', group='Pattern Groups - Geometric Shapes', display = display.none, inline='g')
allowWedges = input.bool(true, 'Wedge', group='Pattern Groups - Geometric Shapes', display = display.none, inline='g')
allowTriangles = input.bool(true, 'Triangle', group='Pattern Groups - Geometric Shapes', display = display.none, inline='g',
tooltip = 'Channels - Trend Lines are parralel to each other creating equidistance price channels'+
'\n\t- Ascending Channel\n\t- Descending Channel\n\t- Ranging Channel'+
'\n\nWedges - Trend lines are either converging or diverging from each other and both the trend lines are moving in the same direction'+
'\n\t- Rising Wedge (Expanding)\n\t- Rising Wedge (Contracting)\n\t- Falling Wedge (Expanding)\n\t- Falling Wedge (Contracting)'+
'\n\nTriangles - Trend lines are either converging or diverging from each other and both trend lines are moving in different directions'+
'\n\t- Converging Triangle\n\t- Diverging Triangle\n\t- Ascending Triangle (Contracting)\n\t- Ascending Triangle (Expanding)\n\t- Descending Triangle(Contracting)\n\t- Descending Triangle(Expanding)')
allowRisingPatterns = input.bool(true, 'Rising', group='Pattern Groups - Direction', display = display.none, inline = 'd')
allowFallingPatterns = input.bool(true, 'Falling', group='Pattern Groups - Direction', display = display.none, inline = 'd')
allowNonDirectionalPatterns = input.bool(true, 'Flat/Bi-Directional', group='Pattern Groups - Direction', display = display.none, inline = 'd',
tooltip = 'Rising - Either both trend lines are moving up or one trend line is flat and the other one is moving up.'+
'\n\t- Ascending Channel\n\t- Rising Wedge (Expanding)\n\t- Rising Wedge (Contracting)\n\t- Ascending Triangle (Expanding)\n\t- Ascending Triangle (Contracting)'+
'\n\nFalling - Either both trend lines are moving down or one trend line is flat and the other one is moving down.'+
'\n\t- Descending Channel\n\t- Falling Wedge (Expanding)\n\t- Falling Wedge (Contracting)\n\t- Descending Triangle (Expanding)\n\t- Descending Triangle (Contracting)'+
'\n\nFlat/Bi-Directional - Trend Lines move in different directions or both flat.'+
'\n\t- Ranging Channel\n\t- Converging Triangle\n\t- Diverging Triangle')
allowExpandingPatterns = input.bool(true, 'Expanding', group='Pattern Groups - Formation Dynamics', display = display.none, inline = 'f')
allowContractingPatterns = input.bool(true, 'Contracting', group='Pattern Groups - Formation Dynamics', display = display.none, inline='f')
allowParallelChannels = input.bool(true, 'Parallel', group = 'Pattern Groups - Formation Dynamics', display = display.none, inline = 'f',
tooltip = 'Expanding - Trend Lines are diverging from each other.'+
'\n\t- Rising Wedge (Expanding)\n\t- Falling Wedge (Expanding)\n\t- Ascending Triangle (Expanding)\n\t- Descending Triangle (Expanding)\n\t- Diverging Triangle'+
'\n\nContracting - Trend Lines are converging towards each other.'+
'\n\t- Rising Wedge (Contracting)\n\t- Falling Wedge (Contracting)\n\t- Ascending Triangle (Contracting)\n\t- Descending Triangle (Contracting)\n\t- Converging Triangle'+
'\n\nParallel - Trend Lines are almost parallel to each other.'+
'\n\t- Ascending Channel\n\t- Descending Channel\n\t- Ranging Channel')
allowUptrendChannel = input.bool(true, 'Ascending ', group = 'Price Channels', inline='uc', display = display.none)
upTrendChannelLastPivotDirection = input.string('both', '', , inline='uc', group='Price Channels', display = display.none,
tooltip='Enable Ascending Channel and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowDowntrendChannel = input.bool(true, 'Descending', group = 'Price Channels', inline='dc', display = display.none)
downTrendChannelLastPivotDirection = input.string('both', '', , inline='dc', group='Price Channels', display = display.none,
tooltip='Enable Descending Channel and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowRangingChannel = input.bool(true, 'Ranging ', group = 'Price Channels', inline='rc', display = display.none)
rangingChannelLastPivotDirection = input.string('both', '', , inline='rc', group='Price Channels', display = display.none,
tooltip='Enable Ranging Channel and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowRisingWedgeExpanding = input.bool(true, 'Rising ', inline='rwe', group = 'Expanding Wedges', display = display.none)
risingWedgeExpandingLastPivotDirection = input.string('down', '', , inline='rwe', group='Expanding Wedges', display = display.none,
tooltip='Enable Rising Wedge (Expanding) and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowFallingWedgeExpanding = input.bool(true, 'Falling ', inline='fwe', group = 'Expanding Wedges', display = display.none)
fallingWedgeExpandingLastPivotDirection = input.string('up', '', , inline='fwe', group='Expanding Wedges', display = display.none,
tooltip='Enable Falling Wedge (Expanding) and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowRisingWedgeContracting = input.bool(true, 'Rising ', inline='rwc', group = 'Contracting Wedges', display = display.none)
risingWedgeContractingLastPivotDirection = input.string('down', '', , inline='rwc', group='Contracting Wedges', display = display.none,
tooltip='Enable Rising Wedge (Contracting) and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowFallingWedgeContracting = input.bool(true, 'Falling ', inline='fwc', group = 'Contracting Wedges', display = display.none)
fallingWedgeContractingLastPivotDirection = input.string('up', '', , inline='fwc', group='Contracting Wedges', display = display.none,
tooltip='Enable Falling Wedge (Contracting) and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowRisingTriangleExpanding = input.bool(true, 'Ascending ', inline='rte', group = 'Expanding Triangles', display = display.none)
risingTriangleExpandingLastPivotDirection = input.string('up', '', , inline='rte', group='Expanding Triangles', display = display.none,
tooltip='Enable Ascending Triangle (Expanding) and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowFallingTriangleExpanding = input.bool(true, 'Descending', inline='fte', group = 'Expanding Triangles', display = display.none)
fallingTriangleExpandingLastPivotDirection = input.string('down', '', , inline='fte', group='Expanding Triangles', display = display.none,
tooltip='Enable Descending Triangle (Expanding) and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowExpandingTriangle = input.bool(true, 'Diverging ', inline='dt', group = 'Expanding Triangles', display = display.none)
divergineTriangleLastPivotDirection = input.string('both', '', , inline='dt', group='Expanding Triangles', display = display.none,
tooltip='Enable Diverging Triangle and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowRisingTriangleConverging= input.bool(true, 'Ascending ', inline='rtc', group = 'Contracting Triangles', display = display.none)
risingTriangleContractingLastPivotDirection = input.string('up', '', , inline='rtc', group='Contracting Triangles', display = display.none,
tooltip='Enable Ascending Triangle (Contracting) and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowFallingTriangleConverging = input.bool(true, 'Descending', inline='ftc', group = 'Contracting Triangles', display = display.none)
fallingTriangleContractingLastPivotDirection = input.string('down', '', , inline='ftc', group='Contracting Triangles', display = display.none,
tooltip='Enable Descending Triangle (Contracting) and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowConvergingTriangle = input.bool(true, 'Converging ', inline='ct', group = 'Contracting Triangles', display = display.none)
convergingTriangleLastPivotDirection = input.string('both', '', , inline='ct', group='Contracting Triangles', display = display.none,
tooltip='Enable Converging Triangle and select the last pivot direction filter. Last pivot direction will only be used if the Generic Last Pivot Direction parameter is set to Custom')
allowedPatterns = array.from(
false,
allowUptrendChannel and allowRisingPatterns and allowParallelChannels and allowChannels,
allowDowntrendChannel and allowFallingPatterns and allowParallelChannels and allowChannels,
allowRangingChannel and allowNonDirectionalPatterns and allowParallelChannels and allowChannels,
allowRisingWedgeExpanding and allowRisingPatterns and allowExpandingPatterns and allowWedges,
allowFallingWedgeExpanding and allowFallingPatterns and allowExpandingPatterns and allowWedges,
allowExpandingTriangle and allowNonDirectionalPatterns and allowExpandingPatterns and allowTriangles,
allowRisingTriangleExpanding and allowRisingPatterns and allowExpandingPatterns and allowTriangles,
allowFallingTriangleExpanding and allowFallingPatterns and allowExpandingPatterns and allowTriangles,
allowRisingWedgeContracting and allowRisingPatterns and allowContractingPatterns and allowWedges,
allowFallingWedgeContracting and allowFallingPatterns and allowContractingPatterns and allowWedges,
allowConvergingTriangle and allowNonDirectionalPatterns and allowContractingPatterns and allowTriangles,
allowFallingTriangleConverging and allowFallingPatterns and allowContractingPatterns and allowTriangles,
allowRisingTriangleConverging and allowRisingPatterns and allowContractingPatterns and allowTriangles
)
getLastPivotDirectionInt(lastPivotDirection)=>lastPivotDirection == 'up'? 1 : lastPivotDirection == 'down'? -1 : 0
allowedLastPivotDirections = array.from(
0,
lastPivotDirection == 'custom'? getLastPivotDirectionInt(upTrendChannelLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(downTrendChannelLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(rangingChannelLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(risingWedgeExpandingLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(fallingWedgeExpandingLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(divergineTriangleLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(risingTriangleExpandingLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(fallingTriangleExpandingLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(risingWedgeContractingLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(fallingWedgeContractingLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(convergingTriangleLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(fallingTriangleContractingLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection),
lastPivotDirection == 'custom'? getLastPivotDirectionInt(risingTriangleContractingLastPivotDirection) : getLastPivotDirectionInt(lastPivotDirection)
)
theme = input.string('Dark', title='Theme', options= , group='Display', inline='pc',
tooltip='Chart theme settings. Line and label colors are generted based on the theme settings. If dark theme is selected, '+
'lighter colors are used and if light theme is selected, darker colors are used.\n\n'+
'Pattern Line width - to be used for drawing pattern lines', display=display.none)
patternLineWidth = input.int(2, '', minval=1, inline='pc', group = 'Display', display = display.none)
showPatternLabel = input.bool(true, 'Pattern Label', inline='pl1', group = 'Display', display = display.none)
patternLabelSize = input.string(size.normal, '', , inline='pl1', group = 'Display', display = display.none,
tooltip = 'Option to display Pattern Label and select the size')
showPivotLabels = input.bool(true, 'Pivot Labels ', inline='pl2', group = 'Display', display = display.none, tooltip = 'Option to display pivot labels and select the size')
pivotLabelSize = input.string(size.normal, '', , inline='pl2', group = 'Display', display = display.none)
showZigzag = input.bool(true, 'Zigzag', inline='z', group = 'Display', display = display.none)
zigzagColor = input.color(color.blue, '', inline='z', group = 'Display', display = display.none, tooltip = 'Option to display zigzag within pattern and the default zigzag line color')
deleteOldPatterns = input.bool(true, 'Max Patterns', inline='do', group = 'Display', display = display.none)
maxPatterns = input.int(20, '', minval=1, step=5, inline = 'do', group = 'Display', display = display.none, tooltip = 'If selected, only last N patterns will be preserved on the chart.')
errorRatio = errorThresold/100
flatRatio = flatThreshold/100
showLabel = true
offset = 0
type Scanner
bool enabled
string ticker
string timeframe
p.ScanProperties sProperties
p.DrawingProperties dProperties
array patterns
array zigzags
method getZigzagAndPattern(Scanner this, int length, int depth, array ohlcArray, int offset=0)=>
var zg.Zigzag zigzag = zg.Zigzag.new(length, depth, 0)
var map lastDBar = map.new()
zigzag.calculate(array.from(highSource, lowSource))
var validPatterns = 0
mlzigzag = zigzag
if(zigzag.flags.newPivot)
while(mlzigzag.zigzagPivots.size() >= 6+offset)
lastBar = mlzigzag.zigzagPivots.first().point.index
lastDir = int(math.sign(mlzigzag.zigzagPivots.first().dir))
if(lastDBar.contains(mlzigzag.level)? lastDBar.get(mlzigzag.level) < lastBar : true)
lastDBar.put(mlzigzag.level, lastBar)
= mlzigzag.find(this.sProperties, this.dProperties, this.patterns, ohlcArray)
if(valid)
validPatterns+=1
currentPattern.draw()
this.patterns.push(currentPattern, maxPatterns)
alert('New Pattern Alert')
else
break
mlzigzag := mlzigzag.nextlevel()
true
method scan(Scanner this)=>
var array ohlcArray = array.new()
var array patterns = array.new()
ohlcArray.push(o.OHLC.new(openSource, highSource, lowSource, closeSource))
if(useZigzag1)
this.getZigzagAndPattern(zigzagLength1, depth1, ohlcArray)
if(useZigzag2)
this.getZigzagAndPattern(zigzagLength2, depth2, ohlcArray)
if(useZigzag3)
this.getZigzagAndPattern(zigzagLength3, depth3, ohlcArray)
if(useZigzag4)
this.getZigzagAndPattern(zigzagLength4, depth4, ohlcArray)
var scanner = Scanner.new(true, "", "",
p.ScanProperties.new(offset, numberOfPivots, errorRatio, flatRatio, checkBarRatio, barRatioLimit, avoidOverlap, allowedPatterns=allowedPatterns, allowedLastPivotDirections= allowedLastPivotDirections, themeColors = ut.getColors(theme)),
p.DrawingProperties.new(patternLineWidth, showZigzag, 1, zigzagColor, showPatternLabel, patternLabelSize, showPivotLabels, pivotLabelSize, deleteOnPop = deleteOldPatterns),
array.new())
if(barstate.isconfirmed or repaint)
scanner.scan()
Double&Triple Pattern[TS_Indie]📌 Description – Double & Triple Pattern Indicator
The Double & Triple Pattern Indicator is developed to help traders systematically and clearly identify Double Top, Double Bottom, Triple Top, and Triple Bottom chart patterns.
⚙️ Core Logic & Working Mechanism
The Double & Triple Pattern Indicator is built on the concept of price swing formation, based on the logic of Trend Entry_0 , which focuses on structured market analysis and price action behavior.
The indicator detects three main swing points (Swing 1, Swing 2, and Swing 3). A Fibonacci Box is then created using Swing A and Swing B as reference points to define the swing detection zone.
When all three swings remain inside the defined Fibonacci Box, the structure is considered a valid Price Action setup.
The indicator then plots key lines on the chart:
➩ Break Line – used to confirm the signal (confirmation)
➩ Cancel Line – used to invalidate the price action if price moves against the conditions
➛ When price breaks the Break Line , the structure is confirmed and a Pending Order is placed at Swing B , with the Stop Loss set at Swing 1.
➛ If price breaks the Cancel Line first, the price action structure is immediately invalidated.
⚙️ Fibonacci Entry Zone & Change SL Settings
➩ When Fibo Entry Zone is set to 0, the Pending Order is placed directly at Swing B.
➩ When the value is greater than 0, the Pending Order is calculated using Fibonacci levels drawn from Swing B to the Stop Loss level.
➩ Change SL allows switching the Stop Loss reference between Swing 1 and Swing A.
⚙️ Min & Max Control for Swing Size : xATR
When enabling Control Size Swing : xATR , the indicator filters Swing B based on the defined Min and Max range.
This allows traders to selectively test larger or smaller swing-based price actions , depending on their trading strategy.
⭐ Pending Order Cancellation Conditions
A Pending Order will be canceled under the following conditions:
1.A new Price Action signal appears on either the Buy or Sell side.
2.When Time Session is enabled, the Pending Order is canceled once price exits the selected session.
🕹 Order Management Rule
When there is an active open position, the indicator restricts the creation of new Pending Orders to prevent overlapping positions.
💡 Double Pattern Example
💡 Triple Pattern Example
⚠️ Disclaimer
This indicator is designed for technical analysis purposes only and does not constitute investment advice.
Users should apply proper risk management and make decisions at their own discretion.
🥂 Community Sharing
If you find parameter settings that work well or produce strong statistical results, feel free to share them with the community so we can improve and develop this indicator together.
Ripster Clouds + Saty Pivot + RVOL + Trend1. Ripster EMA Clouds (local + higher timeframe)
Local timeframe (your chart TF):
Plots up to 5 EMA clouds (8/9, 5/12, 34/50, 72/89, 180/200 – configurable).
Each cloud is:
One short EMA and one long EMA.
A filled band between them.
Color logic:
Cloud is bullish when short EMA > long EMA (green/blue-ish tone).
Bearish when short EMA < long EMA (red/orange/pink tone).
You can choose:
EMA vs SMA,
Whether to show the lines,
Per-cloud toggles.
MTF Clouds:
Two higher-timeframe EMA clouds:
Cloud 1: 50/55
Cloud 2: 20/21
Computed on a higher TF (default D, but configurable).
Show as thin lines + transparent bands.
Used for:
Visual higher-TF trend,
Optional signal filter (MTF must agree for trades).
2. Saty Pivot Ribbon (time-warped EMAs)
This is basically your Saty Pivot Ribbon integrated:
Uses a “Time Warp” setting to overlay EMAs from another timeframe.
EMAs:
Fast, Pivot, Slow (defaults 8 / 21 / 34).
Clouds:
Fast cloud between fast & pivot EMAs.
Slow cloud between pivot & slow EMAs.
Bullish/bearish colors are distinct from Ripster colors.
Optional highlights:
Can highlight fast/pivot/slow lines separately.
Conviction EMAs:
13 and 48 EMAs (configurable).
When fast conviction EMA crosses over/under slow:
You get triangle arrows (bullish/bearish conviction).
Bias candles:
If enabled, candles are recolored based on:
Price vs Bias EMA,
Candle up/down/doji,
So you see bullish/bearish “bias” directly in candle colors.
3. DTR vs ATR panel (range vs average)
In a small table panel (bottom-center by default):
Computes higher-TF ATR (default 14, TF auto D/W/M, smoothing type selectable).
Measures current range (high–low) on that TF.
Displays:
DTR: X vs ATR: Y Z% (+/-Δ% vs prev)
Where:
Z% = current range / ATR * 100.
Δ% = change vs previous bar’s Z%.
Background color:
Greenish for low move (<≈70%),
Red for high move (≥≈90%),
Yellow in between,
Slightly dimmed when price is below bias EMA.
This tells you: “Is today an average, quiet, or explosive day compared to normal?”
4. SMA Divergence panel
Separate histogram & line panel:
Fast and slow SMAs (default 14 & 30).
Computes price divergence vs SMA in %:
% above/below slow SMA,
% above/below fast SMA.
Shows:
Slow SMA divergence as a semi-transparent column,
Fast SMA divergence as a solid column on top,
EMA of the slow divergence (trend line) colored:
Blue when rising,
Orange/red when falling.
Static upper/lower bands with fill, plus optional zero line.
This gives you a feel for how stretched price is vs its anchors.
5. RVOL table (relative volume)
Small 3×2 table (bottom-right by default):
Inputs:
Average length (default 50 bars),
Optionally show previous candle RVOL.
Calculates:
RVOL now = volume / avg(volume N bars) * 100,
RVOL prev,
RVOL momentum (now – prev) for data window only.
Table columns:
Candle Vol,
RVOL (Now),
RVOL (Prev).
Colors:
200% → “high RVOL” color,
100–200% → “medium RVOL” color,
<100% → “low RVOL” color,
Slightly dimmer if price is below bias EMA.
This is used both visually and optionally as a signal filter (e.g., only trade when RVOL ≥ threshold).
6. Trend Dashboard (Price + 34/50 + 5/12)
Top-right trend box with 3 rows:
Price Action row:
Uses either Bias EMA or custom EMA on close to say:
Bullish (close > trend EMA),
Bearish (close < trend EMA),
Flat.
Ripster 34/50 Cloud row:
Uses 34/50 EMAs: bullish if 34>50, bearish if 34<50.
Ripster 5/12 Cloud row:
Uses 5/12 EMAs: bullish if 5>12, bearish if 5<12.
Then it does a vote:
Counts bullish votes (Price, 34/50, 5/12),
Counts bearish votes,
Depending on mode:
Majority (2 of 3) or Strict (3 of 3).
Output:
Overall Bullish / Bearish / Sideways.
You also get an optional label on the chart like
Overall: Bullish trend with color, and an optional background tint (green/red for bull/bear).
7. VWAP + Buy/Sell Signals
VWAP is plotted as a white line.
Fast “trend” cloud mid: average of 5 & 12 EMAs.
Slow “trend” cloud mid: average of 34 & 50 EMAs.
Buy condition:
5/12 crosses above 34/50 (bullish cloud flip),
Price > VWAP,
Optional filter: MTF Cloud 1 bullish (50/55 on higher TF),
Optional filter: RVOL >= threshold.
Sell condition:
5/12 crosses below 34/50,
Price < VWAP,
Optional same filters but bearish.
When conditions are met:
Plots BUY triangle up below price (distinct teal/green tone).
Plots SELL triangle down above price (distinct magenta/orange tone).
Alert conditions are defined for:
BUY / SELL signals,
Overall Bullish / Bearish / Sideways change,
MTF Cloud 1 trend flips.
8. Data Window metrics
For easy backtesting / inspection via TradingView’s data window, it exposes:
DTR% (Current) and DTR% Momentum,
RVOL% (Now), RVOL% (Prev), RVOL% Momentum.
TL;DR – What does this script do for you?
It turns your chart into a multi-framework trend and momentum dashboard:
Ripster EMA clouds for short/medium trend & S/R.
Saty Ribbon for higher-TF pivot structure and conviction.
RVOL + DTR/ATR for context (is this a big and well-participated move?).
SMA divergence panel for overextension/stretch.
A compact trend table that tells you Price vs 34/50 vs 5/12 in one glance.
Buy/Sell markers + alerts when:
short-term Ripster trend (5/12) flips over/under medium (34/50),
price agrees with VWAP,
plus optional filters (MTF trend and / or RVOL).
Basically: it’s a trend + confirmation + context system wrapped into one indicator, with most knobs configurable in the settings.
EMA Slope Angle# EMA Slope Angle Indicator
A professional, non-repainting overlay indicator that visualizes EMA slope strength as an angle in degrees, providing instant visual feedback through dynamic EMA coloring and comprehensive trend analysis.
## ORIGINALITY
This indicator is original in its approach to slope measurement:
- **Angle-based calculation**: Uses arctangent to calculate slope as an angle in degrees (not percentage), providing a more intuitive measure of trend strength
- **Dynamic visual feedback**: Combines real-time EMA line coloring with regime detection, creating a continuous visual representation of market conditions
- **Comprehensive analysis**: Integrates angle-based trend shift signals with optional statistical analysis in a single, cohesive tool
- **Non-repainting design**: All calculations use confirmed bars only, ensuring reliable, deterministic output
## HOW IT WORKS
The indicator calculates the EMA slope angle using trigonometric functions:
```
Angle = arctan((EMA_current - EMA_past) / lookback_bars) × 180/π
```
This provides an intuitive measure where:
- **Steep angles** = strong trends (visualized with saturated colors)
- **Shallow angles** = weak trends (visualized with lighter colors)
- **Near-zero angles** = flat/consolidation (visualized in gray)
The EMA line color dynamically reflects:
- **Direction**: Green shades for uptrends, red shades for downtrends
- **Strength**: Color intensity based on normalized angle (stronger slopes = more saturated colors)
- **Regime**: Gray for flat conditions when angle is below threshold
## KEY FEATURES
### Dynamic EMA Coloring
- EMA line color changes continuously based on slope strength
- Color intensity reflects trend strength (50-100% opacity range)
- Instant visual feedback without cluttering the chart
### Regime Detection
- Automatically classifies market conditions: **RISING**, **FALLING**, or **FLAT**
- Configurable angle thresholds for regime classification
- Real-time regime updates on confirmed bars only
### Trend-Shift Signals
- Detects transitions from FLAT to RISING/FALLING regimes
- Visual arrows on chart when significant trend shifts occur
- Prevents signal spam by only triggering from FLAT state
- Configurable trigger thresholds for signal sensitivity
### KPI Dashboard
- Real-time angle display (rounded to 1 decimal place)
- Current regime status with color coding
- Last signal tracking (UP/DOWN/NONE)
- Positioned in top-right corner for easy reference
### Advanced Angle Statistics (Optional)
- Detailed breakdown of angle distribution across 9 granular buckets:
- 0-0.2°, 0.2-0.5°, 0.5-1°, 1-1.5°, 1.5-2°, 2-3°, 3-5°, 5-10°, >10°
- Shows count and percentage for each bucket
- Automatically resets on symbol/timeframe changes
- Useful for analyzing historical slope patterns
## SETTINGS
### Main Settings
- **EMA Length**: Period for exponential moving average (default: 50)
- **Slope Lookback Bars**: Number of bars to compare for slope calculation (default: 5)
### Angle Settings
- **Flat Angle Threshold**: Maximum angle for FLAT regime classification (default: 2.0°)
- **Rising Angle Trigger**: Minimum angle to trigger RISING regime and UP signals (default: 1.0°)
- **Falling Angle Trigger**: Maximum angle to trigger FALLING regime and DOWN signals (default: -1.0°)
- **Max Angle for Color Saturation**: Maximum angle for full color intensity (default: 30.0°)
### Display Options
- **Uptrend Color**: Color for rising trends (default: dark green)
- **Downtrend Color**: Color for falling trends (default: dark red)
- **Flat Color**: Color for flat conditions (default: gray)
- **Show Trend-Shift Signals**: Toggle signal arrows on/off (default: true)
- **Show Angle Statistics**: Toggle statistics dashboard on/off (default: false)
## NON-REPAINTING GUARANTEE
- All calculations use confirmed bars only (`barstate.isconfirmed`)
- No future bar references
- No higher timeframe calls using `request.security()`
- Deterministic output - what you see is what you get
- Reliable for backtesting and live trading
## USE CASES
- **Trend Identification**: Instantly identify trend strength and direction at a glance
- **Reversal Detection**: Spot trend reversals early through regime changes
- **Trade Filtering**: Filter trades based on slope strength and regime
- **Consolidation Monitoring**: Identify flat market conditions for range trading
- **Pattern Analysis**: Study historical angle distributions to understand market behavior
- **Momentum Assessment**: Gauge trend momentum through visual color intensity
## LIMITATIONS
- Angle calculation depends on EMA length and lookback period settings
- Regime classification is based on configurable thresholds - adjust to match your trading style
- Signals only trigger when transitioning from FLAT state to prevent spam
- Statistics reset on symbol/timeframe changes (by design)
- Color intensity is normalized to max angle setting - adjust for your market's typical ranges
## TECHNICAL NOTES
- Uses Pine Script v6
- Overlay indicator (plots on price chart)
- No external dependencies
- Compatible with all TradingView chart types
- Works on all timeframes and symbols
## DISCLAIMER
This indicator is designed for visual trend analysis and educational purposes. Always combine with other technical analysis tools, fundamental analysis, and proper risk management strategies. Past performance does not guarantee future results. Trading involves risk of loss.
---
**Perfect for**: Swing traders, day traders, trend followers, and market analysts seeking intuitive trend strength visualization.
Friday-Monday Pattern Backtest (Market Rebellion)Tests the "Friday-Monday Pattern" popularized by Tom Hougaard / Market Rebellion.
PATTERN LOGIC:
• When Friday's high is LOWER than Thursday's high (setup condition)
• Then Friday's low is often revisited on the following Monday
WHAT THIS INDICATOR SHOWS:
• Orange background highlights valid setup bars (Thu-Fri-Mon)
• Red horizontal line marks Friday's low (the target level)
• Green "SUCCESS" label = Monday hit Friday's low
• Red "FAIL" label = Monday did not reach Friday's low
• Stats table (top-right) shows total setups, successes, and success rate
USE THIS TO:
• Backtest the pattern on any daily chart (works best on indices, forex, futures)
• Verify the claimed "overwhelming" tendency statistically
• Identify which markets/timeframes show the highest success rate
CREDITS:
Pattern idea from Tom Hougaard / Market Rebellion: x.com
Indicator by BacktestBay for transparent pattern verification.
USAGE NOTES:
• Must be applied to DAILY charts
• Uses time_close("D") for accurate day-of-week detection on forex pairs
• No trading signals - purely for statistical backtesting
Trend Following $ZEC - Multi-Timeframe Structure Filter + Revers# Trend Following CRYPTOCAP:ZEC - Strategy Guide
## 📊 Strategy Overview
Trend Following CRYPTOCAP:ZEC is an enhanced Turtle Trading system designed for cryptocurrency spot trading, combining Donchian Channel breakouts, multi-timeframe structure filtering, and ATR-based dynamic risk management for both long and short positions.
---
## 🎯 Core Features
1. Multi-Timeframe Structure Filtering
- Uses Swing High/Low to identify market structure
- Customizable structure timeframe (default: 1 minute)
- Only enters trades in the direction of the trend, avoiding counter-trend positions
2. Reverse Signal Exit
- No fixed stop-loss or fixed-period exits
- Exits only when a reverse entry signal triggers
- Maximizes trend profits, reduces premature exits
3. ATR Dynamic Pyramiding
- Adds positions when price moves 0.5 ATR in favorable direction
- Supports up to 2 units maximum (adjustable)
- Pyramid scaling to enhance profitability
4. Complete Risk Management
- Fixed position size (5000 USD per unit)
- Commission fee 0.06% (Binance spot rate)
- Initial capital 10,000 USD
---
## 📈 Trading Logic
Entry Conditions
✅ Long Entry:
- Close price breaks above 20-period high
- Structure trend is bullish (price breaks above Swing High)
✅ Short Entry:
- Close price breaks below 20-period low
- Structure trend is bearish (price breaks below Swing Low)
Add Position Conditions
- Long: Price rises ≥ 0.5 ATR
- Short: Price falls ≥ 0.5 ATR
- Maximum 2 units including initial entry
Exit Conditions
- Long Exit: When short entry signal triggers (price breaks 20-period low + structure turns bearish)
- Short Exit: When long entry signal triggers (price breaks 20-period high + structure turns bullish)
---
## ⚙️ Parameter Settings
Channel Settings
- Entry Channel Period: 20 (Donchian Channel breakout period)
- Exit Channel Period: 10 (reserved parameter, actually uses reverse signal exit)
ATR Settings
- ATR Period: 20
- Stop Loss ATR Multiplier: 2.0 (reserved parameter)
- Add Position ATR Multiplier: 0.5
Structure Filter
- Swing Length: 160 (Swing High/Low calculation period)
- Structure Timeframe: 1 minute (can change to 5/15/60, etc.)
Position Management
- Maximum Units: 2 (including initial entry)
- Capital Per Unit: 5000 USD
---
## 🎨 Visualization Features
Background Colors
- Light Green: Bullish structure
- Light Red: Bearish structure
- Dark Green: Long entry
- Dark Red: Short entry
Optional Display (Default: OFF)
- Entry/exit channel lines
- Structure high/low lines
- ATR stop-loss line
- Next add position indicator
- Entry/exit labels
---
## 📱 Alert Message Format
Strategy sends notifications on entry/exit with the following format:
- Entry: `1m Long EP:428.26`
- Add Position: `15m Add Long 2/2 EP:429.50`
- Exit: `1m Close Long Reverse Signal`
Where:
- `1m`/`15m` = Current chart timeframe
- `EP` = Entry Price
---
## 💰 Backtest Settings
Capital Allocation
- Initial Capital: 10,000 USD
- Per Entry: 5,000 USD (split into 2 entries)
- Leverage: 0x (spot trading)
Trading Costs
- Commission: 0.06% (Binance spot VIP0)
- Slippage: 0
---
## 🎯 Use Cases
✅ Best Scenarios
- Trending markets
- Moderate volatility assets
- 1-minute to 4-hour timeframes
⚠️ Not Suitable For
- Highly volatile choppy markets
- Low liquidity small-cap coins
- Extreme market conditions (black swan events)
---
## 📊 Usage Recommendations
Timeframe Suggestions
| Timeframe | Trading Style | Suggested Parameter Adjustment |
|-----------|--------------|-------------------------------|
| 1-5 min | Scalping | Swing Length 100-160 |
| 15-30 min | Short-term | Swing Length 50-100 |
| 1-4 hour | Swing Trading | Swing Length 20-50 |
Optimization Tips
1. Adjust swing length based on backtest results
2. Different coins may require different parameters
3. Recommend backtesting on 1-minute chart first before live trading
4. Enable labels to observe entry/exit points
---
## ⚠️ Risk Disclaimer
1. Past Performance Does Not Guarantee Future Results
- Backtest data is for reference only
- Live trading may be affected by slippage, delays, etc.
2. Market Condition Changes
- Strategy performs better in trending markets
- May experience frequent stops in ranging markets
3. Capital Management
- Do not invest more than you can afford to lose
- Recommend setting total capital stop-loss threshold
4. Commission Impact
- Frequent trading accumulates commission fees
- Recommend using exchange discounts (BNB fee reduction, etc.)
---
## 🔧 Troubleshooting
Q: No entry signals?
A: Check if structure filter is too strict, adjust swing length or timeframe
Q: Too many labels displayed?
A: Turn off "Show Labels" option in settings
Q: Poor backtest performance?
A:
1. Check if the coin is suitable for trend-following strategies
2. Adjust parameters (swing length, channel period)
3. Try different timeframes
Q: How to set alerts?
A:
1. Click "Alert" in top-right corner of chart
2. Condition: Select "Strategy - Trend Following CRYPTOCAP:ZEC "
3. Choose "Order filled"
4. Set notification method (Webhook/Email/App)
---
## 📞 Contact Information
Strategy Name: Trend Following CRYPTOCAP:ZEC
Version: v1.0
Pine Script Version: v6
Last Updated: December 2025
---
## 📄 Copyright Notice
This strategy is for educational and research purposes only.
All risks of using this strategy for live trading are borne by the user.
Commercial use without authorization is prohibited.
---
## 🎓 Learning Resources
To understand the strategy principles in depth, recommended reading:
- "The Complete TurtleTrader" - Curtis Faith
- "Trend Following" - Michael Covel
- TradingView Pine Script Official Documentation
---
Happy Trading! Remember to manage your risk 📈
Advanced Breakout System v2.0Advanced Breakout System v2.0
Developed by: Mohammed Bedaiwi
This script hunts for high-probability breakouts by combining price consolidation zones, volume spikes vs. average volume, smart money flow (OBV), and a Momentum Override for explosive moves that skip consolidation. Additionally, it automatically identifies and plots Support and Resistance levels with price labels to help you visualize market structure.
The system follows a "Watch & Confirm" logic: it first prints a WATCH setup, then a BUY only if price confirms strength.
💡 JUSTIFICATION OF CONCEPTS (MASHUP & ORIGINALITY)
This script is an original mashup combining several analytical concepts to address common breakout failures:
Volatility Compression Engine: Uses built-in functions like ta.highest() and ta.lowest() to mathematically define the setup phase where price volatility is compressed below a user-defined threshold.
Volume Spike Confirmation: The breakout must be confirmed by a volume increase greater than a moving average of volume, signaling strong market interest.
Smart Volume Filter (OBV): This is the key component. By checking if ta.obv is above its own Moving Average, we confirm that accumulation has been occurring during the consolidation period, suggesting institutional positioning before the price break.
Multi-Exit Risk System: Employs dynamic exits (EMA cross, volume dump, bearish pattern) instead of static stop-losses to manage risk adaptively based on real-time market action.
Market Structure Visualization: The script also includes a Support & Resistance engine to plot key swing pivots and price labels for visual context.
✅ STRATEGY RESULTS & POLICY COMPLIANCE
To ensure non-misleading and transparent backtesting results, this strategy is published with the following fully compliant properties:
Dataset Compliance: The backtest is performed on the CMTL Daily (1D) chart across a long history, generating 201 total trades. This significantly exceeds the minimum requirement of 100 trades, providing a robust test dataset.
Risk Control: The strategy uses a conservative order size set to 2% of equity (default_qty_value=2), strictly adhering to the sustainable risk recommendation of 5-10% of equity per trade.
Transaction Costs: Realistic trading conditions are modeled using 0.07% commission and 3 ticks slippage to prevent the overestimation of profitability.
⚙️ VISUAL GUIDE & SIGNAL LOGIC
Key Color Legend (Visual Guide):
WATCH – Setup (Yellow Arrow Down): Potential breakout setup detected.
BUY – Confirmation (Green Arrow Up): Confirmed breakout, triggered when price trades above the high of the WATCH candle.
SELL – Break (Orange Arrow): Short-term trend weakness, triggered when price closes below the Fast EMA (9).
SELL – Dump (Dark Red Arrow): Distribution / volume dump, triggered by a bearish candle with abnormally high volume.
SELL – Pattern (Purple Arrow): Bearish price-action pattern (such as a bearish engulfing).
Support & Resistance Lines (Red/Green): Small horizontal lines plotted at key swing points with exact price labels.
⌨️ INPUTS (DEFAULT SETTINGS)
Entry settings: Consolidation Lookback (default 20) = bars used to detect consolidation. Consolidation Range % (default 12%) = max allowed range size. Volume Spike Multiplier (default 1.2) = factor above average volume to count as a spike. Force Signal on Big Moves (default ON) = forces a WATCH signal on high-momentum moves.
Exit settings: Enable Fast Exit (EMA 9) toggles the SELL – Break signal. Dump Volume Multiplier defines what counts as “dump” volume.
Support & Resistance: Adjustable Pivot Left/Right bars control the sensitivity of the support and resistance lines.
⚠️ Disclaimer Trading involves significant risk of loss. This script is for educational and informational purposes only and is not financial advice or a recommendation to buy or sell any asset. BUY and SELL signals are rule-based and derived from historical behavior and do not guarantee future performance. Always use your own analysis and risk management. This is an open-source strategy; users are encouraged to test it across different symbols and timeframes.
